Believe those who are seeking the truth. Doubt those who find it. Andre Gide

Wednesday, September 29, 2010

Classroom Lesson: The Phillips Curve

Here is something I lifted from an old PowerPoint presentation created by Mike Bryan (currently at the Atlanta Fed). Mike is an astute economist with a wonderful sense of humor (how rare is that these days?). These few slides (part of a longer presentation) deal with the Phillips Curve. The file is available here: Orion.


  1. Ya know, if you were to shoot a linear regression line through that as a cross-section (and I don't suggest it) the relationship would be positive.

    Btw, that's my favorite part of your textbook - where you talk about historical trends and making too much of them. When I teach that to my finance students, they get all flustered. "What are we supposed to do with historical data?" Really quite amusing how binary the thinking is.

  2. Hilarious.

    What would Mr. Krugman or Mr. Taleb do with this?