phillips curve_laffer curve_phillips curve公式(8)

The Phillips curve was hailed in the 1960s as providing an account of the inflation process hitherto missing from the conventional macroeconomic model. After four decades, the Phillips curve, as transformed by the natural-rate hypothesis into its expectations-augmented version, remains the key to relating unemployment (of capital as well as labor) to inflation in mainstream macroeconomic ysis.

Kevin D. Hoover is professor in the departments of economics and philosophy at Duke University. He is past president of the History of Economics Society, past chairman of the International Network for Economic Method, and editor of the Journal of Economic Methodology.

Cross, Rod, ed. Unemployment, Hysteresis, and the Natural Rate Hypothesis. Oxford: Blackwell, 1988.

Friedman, Milton. “The Role of Monetary Policy.” American Economic Review 58, no. 1 (1968): 1–17.

Lucas, Robert E. Jr. “Econometric Testing of the Natural Rate Hypothesis.” In Otto Eckstein, ed., The Econometrics of Price Determination. Washington, D.C.: Federal Reserve System, 1972.

Phelps, Edmund S. “Phillips Curves, Expectations of Inflation and Optimal Employment over Time.” Economica, n.s., 34, no. 3 (1967): 254–281.

Phillips, A. W. H. “The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957.” Economica, n.s., 25, no. 2 (1958): 283–299.

Samuelson, Paul A., and Robert M. Solow. “Analytical Aspects of Anti-inflation Policy.” American Economic Review 50, no. 2 (1960): 177–194.

Sheffrin, Steven M. Rational Expectations. 2d ed. Cambridge: Cambridge University Press, 1996.

Symposium: “The Natural Rate of Unemployment.” Journal of Economic Perspectives 11, no. 1 (1997): 3–108.

本文来自电脑杂谈，转载请注明本文网址：
http://www.pc-fly.com/a/tongxinshuyu/article-51667-8.html