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econ.phillips-curve Calculator
Estimates the short-run Phillips curve trade-off between inflation and unemployment around the NAIRU (non-accelerating inflation rate of unemployment). The classic version predicts that lower unemployment causes higher inflation — a relationship that has weakened since the 1990s.
Inputs
Unemployment Pct
Amount per unit of time or per unit quantity. Check the denominator before interpreting.
Nairu Pct
Amount per unit of time or per unit quantity. Check the denominator before interpreting.
Inflation Expectation Pct
Reference formula or conversion factor shown for context.
Results
implied inflation (%)
The value at the specified point or condition.
inflation expectation
The value at the specified point or condition.
unemployment gap (u - NAIRU)
Sample size or count used in the calculation.
NAIRU
Sample size or count used in the calculation.
π = πᵉ - 0.5(u - u*)
Reference formula or conversion factor shown for context.
note
Supplementary information explaining an assumption, caveat, or important context for interpreting the result.