The Phillips curve has been in the focus of many key debates in macroeconomics ever since Samuelson and Solow (1960) modified the original curve in linking the unemployment rate to the inflation rate. This essay analyzes the links of the modern discussion to the debates over time highlighting...

Theoretical and empirical research on business cycles became the dominant theme in economics in the interwar period. The foundation of the Harvard Committee in 1917 and the NBER in 1920 in the USA stimulated the foundation of similar research institutions in many European countries from the...