How Steep is the Phillips Curve in Developing Economies? A Sufficient Statistics Approach and Estimates for India
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We estimate the Phillips curve for India to shed light on the output-inflation tradeoff in developing economies. We develop a method to estimate the slope of the Phillips curve based on sufficient statistics that apply to a broad class of New Keynesian models. Using portable causal research designs,
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美国国家经济研究局创建时间：
2026-08-01
