Phillips curve

基本解释

It didn’t; what it did disprove was the naive Phillips curve, which said that there’s a stable tradeoff between unemployment and inflation.
这不对；其所真正证明为非的是纯粹的菲利普斯曲线，该曲线表述：在失业与通货膨胀间存在一稳定的折中。
Low unemployment has not been accompanied by significant increases in inflation; in other words, the Phillips curve has flattened considerably.
失业率的降低不再伴随着显著的通胀上涨，换而言之，菲利浦斯曲线已变得相当平直。
ecocn.org
Thus the only effect of government stimulus would be to increase inflation for the same level of employment; in the long run, the Phillips curve became vertical.
因而政府干预的唯一结果只可能是增加同样就业水平下的通胀率。那么从长期来看，菲利浦斯曲线就应该是垂直的。

While denying it, the Federal Reserve is still in thrall to the Phillips curve.
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And that discretion is still influenced by Keynesian thinking and a Phillips Curve mentality.
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The data never supported that theory, and the stagflationary 1970s totally destroyed the validity and credibility of the Phillips curve.
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a curve that purports to plot the relationship between unemployment and inflation on the theory that as inflation falls unemployment rises and vice versa