Hydraulic Keynesianism Definition

noun

A type of Keynesianism that assumes homogeneous macroeconomic aggregates and uses that assumption in relation to the Phillips curve to exploit a trade-off between inflation and unemployment , typically prioritising low unemployment at the expense of higher inflation.

Wiktionary

Origin of Hydraulic Keynesianism

  • Coined by Alan Coddington in 1976. In reference to Alban William Phillips ' hydraulic MONIAC computer, which he used for modelling the economy.

    From Wiktionary

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HHYHYD

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MSMISM

Words Starting With H and Ending With M

Starts With H & Ends With MStarts With HY & Ends With MStarts With H & Ends With SM

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