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Optimal Inflation and the Identification of the Phillips Curve

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NBER2019-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25892
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资源简介:
Several academics and practitioners have pointed out that inflation follows a seemingly exogenous statistical process, unrelated to the output gap, leading some to argue that the Phillips curve has weakened or disappeared. In this paper we explain why this seemingly exogenous process arises, or, in
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2019-06-01
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