Friedman and Phelps on the Phillips Curve Viewed from a Half Century's Perspective
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https://www.nber.org/papers/w24891
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资源简介：
In the late 1960s the stable negatively sloped Phillips Curve (PC) was overturned by the Friedman-Phelps natural rate model. Their PC was vertical in the long run at the natural unemployment rate, and their short-run curve shifted up whenever unemployment was pushed below the natural rate. This
提供机构：
美国国家经济研究局
创建时间：
2018-08-01
