The economics of money, banking, and financial markets

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Mishkin, F. (2016) The Economics of Money, Banking, and Financial Markets. 12th edition

APPENDIX TO CHAPTER 22

The Phillips Curve and the Short-Run Aggregate Supply Curve

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The Phillips Curve .......................................................................................................................550

Phillips Curve Analysis in the 1960s .................................................................................. 550

FYI

The Phillips Curve Trade-Off and Macroeconomic Policy in the 1960s 552

The Friedman-Phelps Phillips Curve Analysis .................................................................... 552

The Phillips Curve After the 1960s ..................................................................................... 554

The Modern Phillips Curve ................................................................................................ 554

The Modern Phillips Curve with Adaptive (Backward-Looking) Expectations .................... 555

The Short-Run Aggregate Supply Curve ...............................................................................556

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