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Inflation, unemployment and money : interpretations of the Phillips curve

Bruno Jossa, Marco Musella

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Abstract

This text presents a reconstruction of the different interpretations of the Phillips curve. It demonstrates, through in-depth analysis, how it is possible to find non-neoclassical foundations in the trade-off between inflation and unemployment. The debate is presented from a historical perspective which charts the evolution of the Phillips curve from a non-neoclassical perspective, taking account of post-Keynesian literature.

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What this paper is about

This text presents a reconstruction of the different interpretations of the Phillips curve. It demonstrates, through in-depth analysis, how it is possible to find non-neoclassical foundations in the trade-off between inflation and unemployment. The debate is presented from a historical perspective which charts the evolution of the Phillips curve from a non-neoclassical perspective, taking account of post-Keynesian literature.

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OpenAlex reports 4 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This text presents a reconstruction of the different interpretations of the Phillips curve. It demonstrates, through in-depth analysis, how it is possible to find non-neoclassical foundations in the trade-off between inflation and unemployment. The debate is presented from a historical perspective which charts the evolution of the Phillips curve from a non-neoclassical perspective, taking account of post-Keynesian literature.

Key concepts: Phillips curve, Keynesian economics, Unemployment, Economics, Inflation (cosmology), Perspective (graphical), New Keynesian economics, Neoclassical economics

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