The Concave Phillips Curve
收藏NBER2024-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32528
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资源简介：
This paper derives the curvature properties of the short-run Phillips curve for a wide class of models with time-dependent pricing frictions. Contrary to conventional thinking, the Phillips curve is asymptotically horizontal for high levels of economic activity and asymptotically vertical for low
提供机构：
美国国家经济研究局
创建时间：
2024-06-01
