{{Short description|Model of economic inflation}} {{More citations needed|date=December 2009}} {{about|economic inflation|use in business|Organizational analysis#Strategic 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.<ref>Robert J. Gordon (1988), ''Macroeconomics: Theory and Policy'', 2nd ed., Chap. 22.4, 'Modern theories of inflation'. McGraw-Hill.</ref> Unlike the earliest theories of the Phillips Curve, the triangle model attempts to account for the phenomenon of stagflation.
== See also ==
* Inflation § New_Keynesians * Phillips curve § Gordon's triangle model * Wage-price spiral
==References== {{Reflist}}
{{DEFAULTSORT:Triangle Model}} Category:Economics models Category:Inflation
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