Kevin Warsh Is on the Money Sep 26, 2009
Location: TX Reply # 1 Date: Sep 26, 2009 - 12:47 AM EST THE PHILLIPS CURVE was discredited way back in the 70's when I was in grad school ... Not hard to figure out why the Phillips curve is popular with politicians. (Townhall.com)
September 14 Sep 15, 2009
FRB: Finance and Economics Discussion Series List 2009. Finance and Economics Discussion Series. (Federal Reserve Board of the United States)
Fiction upon fiction Jul 23, 2009
The reason for this is so that Greenspan and his absurd Federal Reserve could raise their fat, worthless butts out of their chairs, point at the new low unemployment figure and low inflation figures, and then use the mostly discredited Phillips Curve (the theoretical tradeoff between inflation and unemployment) to say, "Unemployment and inflation are low! We can now create more and more money and credit without anything happening to us, even though all the previous tons and tons of new money and... (Asia Times Online)
Economist: Bernanke Will Kill Recovery Jul 21, 2009
Rather than defining inflation as something monetary in nature, the Bernanke Fed has reverted to Phillips Curve logic, suggesting inflation results from too much economic growth and too many people working, Tamny writes in Forbes. It would be hard to contemplate a more impoverishing notion than the one that says economic growth is the cause of inflation, and economic weakness is its cure, he argues. (Newsmax)
Bernanke still a speed demon Jul 1, 2009
Such is the policy prescription from what is called the Taylor Rule or the Phillips Curve. Because potential GDP is not a measured macroeconomic variable, it can be estimated in millions of ways. (Asia Times Online)
Monetarism enters bankruptcy May 6, 2009
Stagflation is a de facto invalidation of the Phillips Curve, which shows a negative correlation between the rate of unemployment and the rate of inflation. There is of course irrefutable logic within the workings of a capitalistic labor market in support of the concept of structural unemployment. (Asia Times Online)
Inflation Doves Put Faith in Output-Gap Religion: Caroline Baum Apr 17, 2009
The other theory of inflation, popular among Keynesian economists and Phillips Curve advocates, is something called the output gap, or the difference between the economys actual and potential output. The economys potential growth rate is circumscribed by the growth in the and in. (Bloomberg -- Columnists)
Bernanke Bet on Keynes Has Meltzer Siding With Friedman on Inflation Risks Apr 14, 2009
The Phillips curve -- developed by economist A.W. Phillips using Keynesian concepts -- posits that such excess will reduce inflation as firms stuck with idle capacity cut prices and workers facing layoffs accept smaller wage hikes. Not everyone at the Fed buys into that argument. (Bloomberg)
