Phillips Curve
A compact route for tracing how unemployment gaps, anchored inflation, and supply shocks shape the inflation tradeoff.
Core question: How does labor-market slack translate into inflation pressure?
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Theoretical · Subfamily
Inflation-unemployment trade-offs and how expectations reshape that trade-off in the short and long run.
What this subfamily is for
Use this subfamily when the question is about the relationship between inflation and slack -- how a tight labour market pushes prices, why the trade-off shifts when expectations adapt, and where the long-run vertical line sits.
Coverage
Currently covers the baseline Phillips curve walkthrough only. Expectations-augmented and New Keynesian Phillips curve variants are planned but not yet wired up as standalone model pages.
Models currently covered
Each model below has its own theoretical reference page with overview, explore, and compare views.
A compact route for tracing how unemployment gaps, anchored inflation, and supply shocks shape the inflation tradeoff.
Core question: How does labor-market slack translate into inflation pressure?
Back to the family
The theoretical family landing has the full catalog of model pages, plus the other subfamily groupings.