the Phillips curve

基本解释

The stable trade-off depicted by the Phillips curve is thus a dangerous mirage.
如此一来，菲尔普斯曲线所描绘的稳定的平衡就成了一种危险的幻想。
Low unemployment has not been accompanied by significant increases in inflation; in other words, the Phillips curve has flattened considerably.
失业率的降低不再伴随着显著的通胀上涨，换而言之，菲利浦斯曲线已变得相当平直。
ecocn.org
So the Phillips curve fell out of favour and was replaced by its corollary, the NAIRU, or non-accelerating inflation rate of unemployment (in effect, the natural rate).
菲利浦斯曲线因而失宠，取而代之的是由该模型来发展而来的非加速通货膨胀的失业率（NAIRU，即自然失业率）。

While denying it, the Federal Reserve is still in thrall to the Phillips curve.
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The data never supported that theory, and the stagflationary 1970s totally destroyed the validity and credibility of the Phillips curve.
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In particular, in his second speech a week and a half ago, on March 22, Bernanke totally piled on the Phillips curve.
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