Revisiting the Phillips Curve: A Visualization from a Multidimensional Graphical Perspective
30 Pages Posted: 11 Jun 2013
Date Written: June 11, 2013
This article explores the possibility of visualizing the Phillips curve from a multidimensional perspective. We are using a new multidimensional coordinate space that is entitled "The Mega-Dynamic Disks Multivariable Random Coordinate Space in Vertical position". The mega-dynamic disks multivariable random coordinate space in vertical position facilitates the graphical visualization behavior of the Phillips curve from a multidimensional graphical point of view. However, we take as main bibliographical reference the original and remarkable paper that was published in Economica 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". Additionally, the same paper is going to be our main database source to build the original Phillip curve into a multidimensional graphical form. In essence, our paper extends the significance of Phillips curve beyond mere theory, but as practical instruments applicable to solving economic problems.
Keywords: Inflation, Unemployment, Phillips curve, Multidimensional coordinate spaces, Econographicology
JEL Classification: R40
Suggested Citation: Suggested Citation