Economists see return of Phillips curve as indicator of future wage inflation
A New Zealander's economic model that links wages with unemployment is making a comeback on the global scene.
The long-derided Phillips curve, which tracks the link between employment rates and wages growth, is back in business.
The economic indicator, developed by New Zealander Bill Phillips in the late 1950s, has faded from importance as an inflation indicator because wages have largely stalled in
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Nevil Gibson
Fri, 16 Feb 2018
Fri, 16 Feb 2018
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Economists see return of Phillips curve as indicator of future wage inflation
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