Cookies and milk. Keith and Nicole. Jay-Z and Beyoncé. There are certain relationships that just seem to last. In the world of economics, it's unemployment and inflation. Way back in 1958, economist ...

Anyone who has been following the U.S. monthly economic data lately has noticed that the rate of inflation has been rising over the past year as the unemployment rate has fallen. When the Phillips ...

The Phillips curve essentially describes the relationship between wage inflation and unemployment as an inverse one, suggesting that reduced inflation accompanies rising unemployment. This principle ...

The Phillips curve predicts that when the unemployment rate drops, inflation will rise as businesses compete for scarce labor and drive up wages. The late William Phillips, a neo-Keynesian economist ...

Government has no resources. It can only spend what it’s taken from us first. Yet Keynesian economists (meaning the vast majority of economists) believe government spending boosts economic growth.

The Fed’s masterful use of the Phillips curve to adjust interest rates in the 1990s may have been “a stopped clock is right twice a day” phenomenon. Alan Blinder notes that in the 1990s he and others ...

In a policy paper, Olivier Blanchard of the Peterson Institute for International Economics finds that the Phillips curve is still valid. It’s just not as strong as it once was. “Inflation expectations ...

An interest rate is the cost of borrowing money or the premium you get for lending money. Learn how interest rates affect the economy. Confused about the difference between a gross amount of something ...

The Phillips curve describes an inverse correlation between inflation and unemployment. It says that as inflation rises, unemployment goes down, and vice versa. The curve got its name from a New ...

In 1958, economist William Phillips wrote a paper which found a relationship between unemployment and wages. Less unemployment led to higher wages; more unemployment led to lower wages (or slower wage ...