The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation
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The object of this paper is to assess the role of supply shocks, labour market tightness and expectation formation in explaining bouts of inflation. We begin by showing that a quasi-flat Phillips curve, which was popular prior to the pandemic, still fits the post-2020 US data well and that changes
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美国国家经济研究局创建时间：
2024-04-01
