It’s Baaack: The Surge in Inflation in the 2020s and the Return of the Non-Linear Phillips Curve
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下载链接：
https://www.nber.org/papers/w31197
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资源简介：
This paper proposes a non-linear New Keynesian Phillips curve (Inv-L NK Phillips Curve) to explain the surge of inflation in the 2020s. Economic slack is measured as firms' job vacancies over the number of unemployed workers. After showing empirical evidence of statistically significant
提供机构：
美国国家经济研究局
创建时间：
2023-05-01
