Anticipated Inflation and Unanticipated Price Change: A Test of the Price-Specie Flow Theory and the Phillips Curve
检验了菲利普斯曲线理论，该理论认为当前通胀取决于预期通胀和产出缺口，并探讨了卢卡斯和费尔普斯为这一关系提供微观基础的研究方向。
The Phillips curve is widely accepted as the maintained theory of inflation. In the standard version of the theory current inflation depends on some measure of anticipated inflation and on the deviation of current output from full-employment output. Most recent studies of inflation report the continuing search for variables that increase the accuracy with which the theory predicts or forecasts. Recent surveys by Laidler and Parkin [15] and by Gordon [11] summarize these developments. An entirely different direction has been taken by Lucas [17, 19, 20] and Phelps [25]. These authors seek to provide a firm micro-foundation for the relation.