The article reconstructs how the Phillips curve was embedded into the Fed-MIT-Penn macroeconometric model of the late 1960s. My aim is to integrate James Forder's (2014) narrative about the Phillips curve myth by looking at the macroeconometric model that should have been devoted to guide the...

The paper investigates how the Fed-MIT-Penn model incorporated the Phillips curve within its larger system of equations, after Milton Friedman's Presidential Address. Forder (2014) reconstructs the history of the Phillips curve's parabola arguing that the standard narrative is a myth; a myth he...