1. Phillips curves

2. The original Phillips curve The original Phillips curve

3. The original Phillips curve Unemployment (%) Wage inflation (%)

4. Phillips curves in the UK? Phillips curves in the UK?

5. Inflation (%) Unemployment (%) The breakdown of the Phillips curve? 67 63 62 65 66 64 60 61

6. Inflation (%) Unemployment (%) The breakdown of the Phillips curve? 67 63 62 65 66 64 60 61 Original Phillips curve

7. 74 71 73 70 72 Inflation (%) Unemployment (%) The breakdown of the Phillips curve? 69 68 67 63 62 65 66 64 60 61

8. 75 74 76 77 79 71 73 70 72 78 Inflation (%) Unemployment (%) The breakdown of the Phillips curve? 69 68 67 63 62 65 66 64 60 61

9. 75 74 80 76 77 79 71 73 70 72 78 82 83 84 85 81 Inflation (%) Unemployment (%) The breakdown of the Phillips curve? 69 68 67 63 62 65 66 64 60 61

10. 75 74 80 76 77 79 71 73 70 72 78 90 89 91 88 95 82 83 84 85 86 93 87 92 94 81 Inflation (%) Unemployment (%) The breakdown of the Phillips curve? 69 68 67 63 62 65 66 64 60 61

11. 75 74 80 76 77 79 71 73 70 72 78 90 89 97 96 91 88 95 82 83 84 85 86 93 87 92 94 81 Inflation (%) Unemployment (%) The breakdown of the Phillips curve? 69 68 67 63 62 65 66 64 60 61 99 98 0001