Triangle model

In macroeconomics, the triangle model employed by new Keynesian economics is a model of inflation derived from the Phillips Curve and given its name by Robert J. Gordon. The model views inflation as having three root causes: built-in inflation, demand-pull inflation, and cost-push inflation.^[1] Unlike the earliest theories of the Phillips Curve, the triangle model attempts to account for the phenomenon of stagflation.

This article is about economic inflation. For use in business, see Organizational analysis § Strategic triangle model.

See also

• Inflation#Keynesian view
• Phillips curve#Gordon's triangle model
• Wage-price spiral