The Unemployment-Inflation Trade-off Revisited: The Phillips Curve in COVID Times
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https://www.nber.org/papers/w29785
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资源简介:
Using a New Keynesian Phillips curve, we document the rapid and persistent increase in the natural rate of unemployment, u*, in the aftermath of the pandemic and characterize its implications for inflation dynamics. While the bulk of the inflation surge is attributed to temporary supply factors, we
提供机构:
美国国家经济研究局
创建时间:
2022-02-01



