Revisiting the Phillips Curve: A Visualization from a Multidimensional Graphical Perspective

30 Pages Posted: 11 Jun 2013

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

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

Noor Azina Binti Ismail

University of Malaya

Su-Fei Yap

University of Malaya - FEA

Date Written: June 11, 2013

Abstract

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

Ruiz Estrada, Mario Arturo and Binti Ismail, Noor Azina and Yap, Su-Fei, Revisiting the Phillips Curve: A Visualization from a Multidimensional Graphical Perspective (June 11, 2013). Available at SSRN: https://ssrn.com/abstract=2277426 or http://dx.doi.org/10.2139/ssrn.2277426

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/

Noor Azina Binti Ismail

University of Malaya ( email )

University of Malaya
Kuala Lumpur, Wilayah Persekutuan 50603
Malaysia

HOME PAGE: http://www.fep.um.edu.my

Su-Fei Yap

University of Malaya - FEA ( email )

Kuala Lumpur, Wilayah Persekutuan 50603
University of Malaya (UM)
50603 Kuala Lumpur
Malaysia
60 17 342 0171 (Phone)

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