Is The Phillips Curve Alive and Well After All? Inflation Expectations and the Missing Disinflation
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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
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美国国家经济研究局创建时间：
2013-10-01
