Forum Archive Index - February 2004

["winner69 ." <wwinner69@hotmail.com>]

Mixtrader and Alan mentioned the good old Phillips Curve - discovered by, 
dare i say it, a NZer. Was working in Britain at the time I think

Wonderful concept driven from the assumption that higher inflation leads to 
lower unemployment etc  .... and displayed beautifully on a chart during the 
60's (at least for the US econonomy)

But since 1969 the chart looks like an ant has wandered over it - lines all 
over the place. A classic example of an established theory becing 
invalidated.

But is it? - there are many economists out there still looking for the 
return of the Phillips Curve.

Maybe it has re-emerged in the US and that the current data re unemployment 
and inflation is a load of old crock.

_________________________________________________________________
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http://ninemsn.com.au/mobilemania/default.asp


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