Revisiting the Phillips curve: Visualization from a multidimensional graphical perspective

Artikel

This article explores the possibility of visualizing the Phillips curve from a multidimensional perspective. We use a new multidimensional coordinate space, the mega-dynamic disks multivariable random coordinate space in vertical position, which visualizes the graphical behavior of the Phillips curve from a multidimensional point of view. We take A. W. Phillips's original paper published in Economica in 1958, 'The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957,' as our main bibliographical reference. The same paper also serves as our main database for transforming the original Phillips curve into a multidimensional graphical form. In essence, our paper extends the significance of the Phillips curve beyond mere theory to serve as a practical instrument for solving economic problems.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Contemporary Economics ; ISSN: 2300-8814 ; Volume: 11 ; Year: 2017 ; Issue: 1 ; Pages: 67-90 ; Warsaw: University of Finance and Management in Warsaw, Faculty of Management and Finance

Classification and Topics

• Classification: Wirtschaft ; Introductory Material
• Subject: Inflation ; Unemployment ; Phillips curve ; Multidimensional coordinate spaces ; Econographicology

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ruiz Estrada, Mario Arturo ; Yap, Su-Fei ; Ismail, Noor Azina Binti
• Event: Veröffentlichung
• (who): University of Finance and Management in Warsaw, Faculty of Management and Finance
• (where): Warsaw
• (when): 2017

Further information

• DOI: doi:10.5709/ce.1897-9254.229
• Handle: http://hdl.handle.net/10419/162106
• Last update: 10.03.2025, 11:41 AM CET