I am so glad you asked this great question! Indeed, many of us study economic theory in classrooms, and the Phillips curve is typically covered in a macroeconomics class. However, it is natural to ...

The Phillips curve suggests a short-term inverse relationship between inflation and unemployment. Critics argue the model fails in the long term, evidenced by various Nobel criticisms. Investors ...

We got another labor market indicator on Wednesday ahead of Friday’s jobs report. According to ADP, the private sector added 152,000 jobs in May. That’s fewer than were added in April, so a bit of a ...

Jason Furman errs in relying on a supposed Phillips curve trade-off between inflation and unemployment in his op-ed “The Fed Can Take Its Time Taming Inflation” (June 17). A plot of inflation and ...

When economists and policymakers talk about getting inflation under control, there's an assumption they often make: bringing inflation down will probably result in some degree of layoffs and job loss.

The Fed cut the Fed Funds rate by 50 basis points on September 18. The Fed’s twin mandate, keeping inflation under control and aiming for low unemployment is really in the service of the American ...

A Trade Deal Without Teeth Isn’t Worth the Paper It’s Printed On Brightline Touches the Third Rail JD Vance Should Take the Moon Shot Time to Spring Trump’s Tariff Trap The High Costs of Forever QE ...

Forbes contributors publish independent expert analyses and insights. I write about economic policy for the 21st century. In 1958, economist William Phillips wrote a paper which found a relationship ...