Introduction to the New Keynesian Phillips Curve

FRB Richmond Economic Quarterly, Vol. 94, No. 4, Fall 2008, pp. 301-309

9 Pages Posted: 12 Dec 2012

Date Written: 2008

Abstract

In most industrialized economies inflation tends to be pro-cyclical; that is, inflation is high during times of high economic activity. When economic activity is measured by the unemployment rate this statistical relationship is known as the Phillips curve.

Suggested Citation

Hornstein, Andreas, Introduction to the New Keynesian Phillips Curve (2008). FRB Richmond Economic Quarterly, Vol. 94, No. 4, Fall 2008, pp. 301-309. Available at SSRN: https://ssrn.com/abstract=2187891

Andreas Hornstein (Contact Author)

Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States
804-697-8266 (Phone)
804-697-8255 (Fax)

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