As a general statement, however, I would say that, while the curve was “alive 1 2 3 4  For a discussion on the role of expectations in modern monetary policy, see Bernanke (2007), for the United States, and European Central Bank (2021a), for the euro area. See Phillips (1958) and Samuelson and Solow (1960).
See, among others, Klein and Goldberger (1955) and De Menil and Enzler (1972), as well as Ando and Brayton (1995). See Phelps (1967), Friedman (1968) and Lucas (1976). For a modern perspective on the Phillips curve, see Hazell et al. (2022).