The Visualization of the Phillips Curve from a Multidimensional Graphical Perspective

31 Pages Posted: 24 Apr 2013 Last revised: 21 May 2013

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Date Written: May 21, 2013

Abstract

This article explores how to visualize the Phillips curve from a multidimensional graphical perspective. We are using two new multidimensional coordinate spaces that are called “The Mega-Dynamic Disks Coordinate Space in Vertical position or Horizontal Position.“ The mega-dynamic disks coordinate space in vertical position or horizontal position and facilitate the visualization of the Phillips curve behavior from a multidimensional graphical view. This paper is taking as a main reference the original paper that was published by A.W. Phillips in the year 1958. This paper is entitled "The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957." This remarkable paper is going to be our basic bibliographical reference to build the original Phillip curve into a multidimensional graphical form. In essence, the paper extends the significance of the Phillips curve beyond mere theory, to a practical instrument applicable to solving economic problems.

Keywords: Inflation, Unemployment, Phillips curve, Multidimensional coordinate spaces, Econographicology

JEL Classification: Q54, O40

Suggested Citation

Ruiz Estrada, Mario Arturo, The Visualization of the Phillips Curve from a Multidimensional Graphical Perspective (May 21, 2013). Available at SSRN: https://ssrn.com/abstract=2255892 or http://dx.doi.org/10.2139/ssrn.2255892

Mario Arturo Ruiz Estrada (Contact Author)

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

HOME PAGE: http://ssrc.um.edu.my/

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