Ֆիլիփսի կոր

Ֆիլիփսի կոր

In 1958, an economist from New Zealand, A. W. H. Phillips (1914–75), proposed that there was a trade-off between inflation and unemployment: the lower the unemployment rate, the higher was the rate of inflation. Governments simply had to choose the right balance between the two evils. He drew this conclusion by studying nominal wage rates and jobless rates in the UK between 1861 and 1957, which seemed to show the relationship of unemployment and inflation as a smooth curve. Economies did seem to work like this in the 1950s and 1960s, but then the relationship broke down. Now economists prefer to talk about the NAIRU, the lowest rate of unemployment at which inflation does not accelerate.

0 0

Βελτίωση

Προσθήκη εικόνας

Μέρος του λόγου: noun
Συνώνυμο(α):
Blossary:
Κλάδος/Τομέας: Economy
Category: Economics
Company: The Economist
Προϊόν:
Ακρώνυμο-συντόμευση:

Προσθήκη στο Γλωσσάρι μου

Άλλες γλώσσες:

Σχετικοί όροι

պահանջարկի կոր

Economy; Economics

A graph showing the relationship between the price of a good and the amount of demand for it at different prices. (See also supply curve. )

անտարբերության կոր

Economy; Economics

A curve that joins together different combinations of goods and services that would each give the consumer the same amount of satisfaction (utility). In other words, consumers are ...

անտարբերության կոր

Economy; International economics

A means of representing the preferences and well being of consumers. Formally, it is a curve representing the combinations of arguments in a utility function that yield a given ...

առաջարկի կոր

Economy; International economics

A curve showing, for a two-good model, the quantity of one good that a country will export (or "offer") for each quantity of the other that it imports. Also called the reciprocal ...

սոցիալական անտարբերության կոր

Economy; International economics

A curve showing the combinations of goods that, when available to a country, yield the same level of social welfare.

վարկանիշ

Economy; Economics

A guide to the riskiness of a financial instrument provided by a ratings agency, such as Moody’s, Standard and Poor’s and Fitch IBCA. These measures of credit quality are mostly ...

նորմավորում

Economy; Economics

Although economists say that rationing is what the price mechanism does, what most people think of as rationing is an alternative to letting prices determine how scarce economic ...

իրական փոխարժեք

Economy; Economics

An exchange rate that has been adjusted to take account of any difference in the rate of inflation in the two countries whose currency is being exchanged.

իրական տոկոսադրույք

Economy; Economics

The interest rate less the rate of inflation.

անկում

Economy; Economics

Broadly speaking, a period of slow or negative economic growth, usually accompanied by rising unemployment. Economists have two more precise definitions of a recession. The first, ...