Phillips curve
Britishnoun
Etymology
Origin of Phillips curve
C20: named after A. W. H. Phillips (1914–75), New Zealand economist who formulated the theory
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
He rejects the Phillips curve paradigm—in which higher employment generates higher inflation through wage pressure—that has guided central banks for decades.
From The Wall Street Journal • May 21, 2026
The Phillips curve also depends on an accurate reading of unemployment.
From Los Angeles Times • Sep. 30, 2022
Simply stated, one of the main tenets of the Phillips curve is that levels of unemployment influence the rate of wage increases.
From Washington Post • Jun. 12, 2022
I’ve been doing this a long time, and the Phillips curve has been declared dead far more times than Mark Twain.
From New York Times • Oct. 17, 2017
The reduction of statutory marginal rates reduced Phillips curve sensitivities, and induced larger wage claims and lower employment.
From Definition & Reality in the General Theory of Political Economy by Colignatus, Thomas
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
