The Phillips Curve at fifty: Introduction

To celebrate the 50th anniversary of the Phillips Curve in 2008, the Kiel Institute for World Economics organized a high-level symposium in Kiel in June 2007 seeking to improve our understanding of the relation between the real and monetary sides of the economy, to take
stock of recent research advances, and to formulate a new assessment of the role of monetary policy. The European Economic Review decided to publish a special cluster of papers selected from those presented at the symposium. The Review wanted a balanced group of theoretical and empirical papers on different aspects and applications of Phillips‘s original contribution.