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Is The Phillips Curve Alive and Well After All? Inflation Expectations and the Missing Disinflation

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NBER2013-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19598
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We evaluate possible explanations for the absence of a persistent decline in inflation during the Great Recession and find commonly suggested explanations to be insufficient. We propose a new explanation for this puzzle within the context of a standard Phillips curve. If firms' inflation
提供机构:
美国国家经济研究局
创建时间:
2013-10-01
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