Revisiting the Phillips Curve: Visualization from a Multidimensional Graphical Perspective

Contemporary Economics, Vol. 11(1), p. 67-90, 2017

24 Pages Posted: 4 Apr 2017

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

Centre of Latin American Studies (CLAS) - University of Malaya

Su-Fei Yap

University of Malaya - FEA

Noor Azina Binti Ismail

University of Malaya

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Date Written: April 1, 2017

Abstract

This article explores the possibility of visualizing the Phillips curve from a multidimensional perspective. We use a new multidimensional coordinate space, the mega-dynamic disks multivariable random coordinate space in vertical position, which visualizes the graphical behavior of the Phillips curve from a multidimensional point of view. We take A. W. Phillips’s original paper published in Economica in 1958, “The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957,” as our main bibliographical reference. The same paper also serves as our main database for transforming the original Phillips curve into a multidimensional graphical form. In essence, our paper extends the significance of the Phillips curve beyond mere theory to serve as a practical instrument for solving economic problems.

Keywords: Inflation, Unemployment, Phillips Curve, Multidimensional Coordinate Spaces, Econographicology

JEL Classification: Y20

Suggested Citation

Ruiz Estrada, Mario Arturo and Yap, Su-Fei and Binti Ismail, Noor Azina, Revisiting the Phillips Curve: Visualization from a Multidimensional Graphical Perspective (April 1, 2017). Contemporary Economics, Vol. 11(1), p. 67-90, 2017, Available at SSRN: https://ssrn.com/abstract=2944662

Mario Arturo Ruiz Estrada (Contact Author)

Centre of Latin American Studies (CLAS) - University of Malaya ( email )

Jalan Pantai Baharu, 59100 Kuala Lumpur, Wilayah P
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Kuala Lumpur, Kuala Lumpur 59100
Malaysia
+60126850293 (Phone)
50603 (Fax)

HOME PAGE: http://www.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)

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

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