Revisiting the Phillips and Beveridge Curves: Insights from the 2020s Inflation Surge
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https://www.nber.org/papers/w33095
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资源简介：
This paper reexamines the Phillips and Beveridge curves to explain the inflation surge in the U.S. during the 2020s. We argue that the pre-surge consensus regarding both curves requires substantial revision. We propose that the Inverse-L (INV-L) New Keynesian Phillips Curve replace the standard New
提供机构：
美国国家经济研究局
创建时间：
2024-10-01
