phillips curve's study under the new economic condition
This article starts with the running situation of "New Economy" in America. Firstly, it has analyzed the good running situation of new economy that is "GDP is high, but inflation rate and unemployed rate are low". Secondly, it has analyzed the influence on the economic growth theories, business cycle theories and the Philips curve which came from "New Economy". At last it puts forward the reality that Philips curve is not fit for American economic development in a short term under the" New Economy" condition.
new economy business cycle philips curve