{ "schema_version": "core-reviewed-term-ai-handoff-v1", "version": "core-reviewed-term-ai-handoff-v1", "contract_status": "preview", "distribution": "per_term_read_only_ai_handoff", "no_write_operations": true, "canonical": { "url": "https://core.yogoq.com/en-US/core/phillips-curve", "slug": "phillips-curve", "locale": "en-US" }, "summary": { "schema_version": "core-reviewed-term-summary-v1", "term_id": "f662fa50-b005-5feb-94e5-f2c3be0424e6", "canonical_slug": "phillips-curve", "canonical_url": "https://core.yogoq.com/en-US/core/phillips-curve", "locale": "en-US", "display_name": "Phillips Curve", "english_name": null, "abbreviation": null, "short_definition": "The Phillips Curve helps assess inflation-employment trade-offs by clarifying the relationship between inflation and unemployment and the trade-offs between price stability and employment goals. It keeps scope and assum…", "quality": "reviewed", "publication_status": "published_reviewed", "version": "core-reviewed-term-summary-v1", "last_reviewed_at": "2026-05-14T00:00:00.000Z", "sources_count": 3, "limitations_key": "core-trust-policy-v1-2026-06-22" }, "content": { "definition": { "key": "definition", "title": "一言でいうと", "text": "The Phillips Curve helps assess inflation-employment trade-offs by clarifying the relationship between inflation and unemployment and the trade-offs between price stability and employment goals. It keeps scope and assumptions aligned.", "items": [] }, "formula": null, "boundary": null, "usage": [ { "key": "meaning", "title": "意味", "text": "The Phillips Curve describes the short-run relationship between inflation and unemployment, influenced by expectations and supply shocks. It specifies the unit of analysis and the assumptions behind that relationship, including inflation expectations and wage-setting behavior. The concept separates what is in scope (short-run trade-offs and expectation dynamics) from what is out of scope (long-run natural rate outcomes), so comparisons stay consistent. Applied well, it turns a vague debate into a measurable choice and makes the drivers of results explicit.", "items": [] }, { "key": "usage", "title": "役立つ場面", "text": "Use the Phillips Curve to decide policy trade-offs, because it exposes inflation-unemployment dynamics and the trade-off with price stability versus employment goals. It changes budgeting and prioritization by making inflation expectations and wage dynamics explicit and reviewable. It informs adjustments when expectations de-anchor or supply shocks occur, so the decision stays grounded in current conditions.", "items": [ "Use the Phillips Curve to decide policy trade-offs, because it exposes inflation-unemployment dynamics and the trade-off with price stability versus employment goals.", "It changes budgeting and prioritization by making inflation expectations and wage dynamics explicit and reviewable.", "It informs adjustments when expectations de-anchor or supply shocks occur, so the decision stays grounded in current conditions." ] }, { "key": "usage", "title": "使い方のポイント", "text": null, "items": [ "Define the unit and time horizon before comparing inflation-unemployment dynamics across options.", "Track the primary driver (inflation expectations) separately from secondary noise.", "Run sensitivity checks on shock persistence and wage responses to avoid false precision.", "Document data sources and calculation steps so results are auditable.", "Revisit the model when the business model or market context changes." ] } ], "misunderstandings": [ { "key": "misunderstandings", "title": "よくある誤解 / 落とし穴", "text": null, "items": [ "The Phillips Curve is not stable over time; it can shift.", "It does not imply a permanent trade-off in the long run.", "Supply shocks can break the expected relationship." ] } ], "examples": [ { "key": "examples", "title": "最小例", "text": "A central bank models inflation at 3% with unemployment at 4.5% and compares a slow tightening path versus a faster one. They estimate how expectations respond to a 25 bp rate increase and test supply-shock scenarios. The analysis suggests expectations are drifting, so they tighten gradually while communicating a clear target. After implementation, they monitor wage growth and survey expectations to recalibrate the curve.", "items": [] } ], "comparisons": [ { "key": "comparisons", "title": "似ている言葉との違い", "text": "Compare Phillips Curve with adjacent concepts before deciding. Phillips Curve | Current concept | Use when the team needs the primary decision lens Adjacent metric or framework | Supporting lens | Use when the team needs evidence or process detail General vocabulary | Broad explanation | Use only for orientation, not final decision-making", "items": [ "Phillips Curve | Current concept | Use when the team needs the primary decision lens", "Adjacent metric or framework | Supporting lens | Use when the team needs evidence or process detail", "General vocabulary | Broad explanation | Use only for orientation, not final decision-making" ] } ], "faq": [ { "question": "When should I use Phillips Curve?", "answer": "Use it when the team needs to decide scope, priority, owner, or trade-off, not when it only needs a short definition." }, { "question": "What makes Phillips Curve useful in practice?", "answer": "It becomes useful when it is tied to evidence, a decision owner, and a concrete next operating choice." }, { "question": "What should I avoid?", "answer": "Avoid using the term as a label without clarifying assumptions, boundaries, and how success will be judged." } ] }, "sources": { "source_refs": [ "concept:economics-concept-0215:en-US", "concept:economics-concept-0215:ja-JP", "concept:economics-concept-0245:en-US", "concept:economics-concept-0245:ja-JP", "manual_merge_map:next-exact-duplicates-2026-04-28" ], "visible_sources": [ { "label": "CORE Econ (The Economy)", "url": "https://www.core-econ.org/", "kind": null }, { "label": "Principles of Marketing (Open Textbook Library)", "url": "https://open.umn.edu/opentextbooks/textbooks/principles-of-marketing", "kind": "tier_s" }, { "label": "Principles of Management (OpenStax)", "url": "https://openstax.org/details/books/principles-management", "kind": "tier_s" } ] }, "related_terms": [ { "topic_id": "17b73172-a9c6-5a44-a292-b51ae592c210", "canonical_slug": "economics-concept-0218", "canonical_url": "https://core.yogoq.com/en-US/core/economics-concept-0218", "title": "Aggregate Demand and Aggregate Supply (AD-AS)", "relation_type": "next" }, { "topic_id": "3080427a-a386-5c41-a295-e8390ca1610a", "canonical_slug": "economics-concept-0080", "canonical_url": "https://core.yogoq.com/en-US/core/economics-concept-0080", "title": "Economies of Scale", "relation_type": "used_together" }, { "topic_id": "56c9ea7c-8acd-5033-9fc5-70746b2e9d06", "canonical_slug": "economics-concept-0083", "canonical_url": "https://core.yogoq.com/en-US/core/economics-concept-0083", "title": "Price Discrimination", "relation_type": "used_together" }, { "topic_id": "e29d34c4-66c8-54c8-a13b-405f2ca20491", "canonical_slug": "economics-concept-0209", "canonical_url": "https://core.yogoq.com/en-US/core/economics-concept-0209", "title": "Unemployment Rate", "relation_type": "related" } ], "quality": { "quality": "reviewed", "publication_status": "published_reviewed", "source_count": 3, "last_reviewed_at": "2026-05-14T00:00:00.000Z", "trust_policy_version": "core-trust-policy-v1-2026-06-22" }, "limitations": { "policy_version": "core-trust-policy-v1-2026-06-22", "professional_advice_boundary": "reference_only_not_professional_advice", "text": "This page is reference information for research and learning. For accounting, legal, finance, health, security, or other individual decisions, confirm against primary sources or qualified professionals.", "items": [ "Public pages support general understanding and practical context; they are not professional advice for individual cases.", "Fast-changing information such as regulations, accounting standards, prices, product specs, and legal requirements should be checked against primary sources before final decisions.", "Even when AI-assisted drafting or audit is used, publication relies on quality gates and human-readable evidence." ] } }