What’s up with the Phillips Curve?
收藏NBER2020-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27003
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The business cycle is alive and well, and real variables respond to it more or less as they always did. Witness the Great Recession. Inflation, in contrast, has gone quiescent. This paper studies the sources of this disconnect using VARs and an estimated DSGE model. It finds that the disconnect is
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美国国家经济研究局创建时间：
2020-04-01
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