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What does the Phillips curve tell us about the economy?

Jun 5, 2024
The Phillips Curve says that low unemployment is linked to high inflation. But history shows that the economy doesn't always work that way.
Economist A.W. Phillips came up with what’s known as “the Phillips curve” in 1958. It says that low unemployment is linked to high inflation.
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Where the Phillips is inflation?

Jul 12, 2019
The Phillips curve, which describes an inverse relationship between unemployment and inflation, just doesn't seem to be working lately.
Manan Vatsyayana/AFP/Getty Images