The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957.¶
Phillips, A. W. (1958). The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957. Economica, 25(100), 283-299.
Cited by¶
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Primes¶
- Micro Macro Linkage
- The across-macro edge is a historically estimated relationship — say a Phillips curve linking inflation and unemployment.
This sourceThe original Phillips curve, the historically estimated macro relationship the Lucas critique targets.
- The across-macro edge is a historically estimated relationship — say a Phillips curve linking inflation and unemployment.
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