Copyright © 2002 Pearson Education, Inc. Slide 1
Copyright © 2002 Pearson Education, Inc. Slide 2 Inflation, the Phillips Curve, and Central Bank Commitment Chapter 16
Copyright © 2002 Pearson Education, Inc. Slide 3 Figure 16-1 The Phillips Curve
Copyright © 2002 Pearson Education, Inc. Slide 4 Figure 16-2 The Phillips Curve in the 1950s
Copyright © 2002 Pearson Education, Inc. Slide 5 Figure 16-3 The Phillips Curve in the 1960s
Copyright © 2002 Pearson Education, Inc. Slide 6 Figure 16-4 The Phillips Curve in the 1970s
Copyright © 2002 Pearson Education, Inc. Slide 7 Figure 16-5 The Phillips Curve in the 1980s
Copyright © 2002 Pearson Education, Inc. Slide 8 Figure 16-6 The Phillips Curve in the 1990s
Copyright © 2002 Pearson Education, Inc. Slide 9 Figure 16-7 The Inflation Rate in the United States,
Copyright © 2002 Pearson Education, Inc. Slide 10 Figure 16-8 Deviations from Trend in Real GDP,
Copyright © 2002 Pearson Education, Inc. Slide 11 Figure 16-9 Model Phillips Curve Relationship
Copyright © 2002 Pearson Education, Inc. Slide 12 Figure The Effects of an Increase in the Expected Inflation Rate
Copyright © 2002 Pearson Education, Inc. Slide 13 Figure The Feds Preferences Over Inflation Rates and Output
Copyright © 2002 Pearson Education, Inc. Slide 14 Figure The Fed Exploits the Phillips Curve
Copyright © 2002 Pearson Education, Inc. Slide 15 Figure The Fed Attempts to Increase Y Permanently
Copyright © 2002 Pearson Education, Inc. Slide 16 Figure The Commitment Problem
Copyright © 2002 Pearson Education, Inc. Slide 17 Table 16-1