It’s Baaack: The Surge in Inflation in the 2020s and the Return of the Non-Linear Phillips Curve
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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
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美国国家经济研究局创建时间：
2023-05-01
