La dicotomía clásica y la política monetaria moderna

This paper describes the issue of the Phillips curve under a treatment that leads to the Taylor curve and its general implications. The first section deals with the Samuelson-Solow vs. Friedman-Phelps discussion and the “closing” Lucas-Sargent-Taylor; the second is devoted to the theory of inflation and stabilization and the third review the nontechnical foundations culminating in the Taylor curve and the Taylor trinity. Finally some conclusions are obtained.