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Home>Will the Real Phillips Curve Please Stand Up?

Will the Real Phillips Curve Please Stand Up?

Perspectives Content Submission

Tue, 5 Apr 2011

Much of the intellectual basis for the Federal Reserve’s dual mandate – “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates” – is based on the belief in what economists call the Phillips Curve. The Phillips curve, named after economist A.W.
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