Triangle model: Difference between revisions
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== See also == | == See also == | ||
* [[Inflation# | * [[Inflation#New_Keynesians|Inflation § New_Keynesians]] | ||
* [[Phillips curve#Gordon's triangle model]] | * [[Phillips curve#Gordon's triangle model|Phillips curve § Gordon's triangle model]] | ||
* [[Wage-price spiral]] | * [[Wage-price spiral]] | ||
Latest revision as of 15:18, 16 July 2025
Template:Short description Script error: No such module "Unsubst". Script error: No such module "about". In macroeconomics, the triangle model employed by new Keynesian economics is a model of inflation derived from the Phillips Curve and given its name by Robert J. Gordon. The model views inflation as having three root causes: built-in inflation, demand-pull inflation, and cost-push inflation.[1] Unlike the earliest theories of the Phillips Curve, the triangle model attempts to account for the phenomenon of stagflation.
See also
References
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- ↑ Robert J. Gordon (1988), Macroeconomics: Theory and Policy, 2nd ed., Chap. 22.4, 'Modern theories of inflation'. McGraw-Hill.
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