The Slope of the Phillips Curve: Evidence from U.S. States
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https://www.nber.org/papers/w28005
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We estimate the slope of the Phillips curve in the cross section of U.S. states using newly constructed state-level price indexes for non-tradeable goods back to 1978. Our estimates indicate that the slope of the Phillips curve is small and was small even during the early 1980s. We estimate only a
我们利用新近构建的、可追溯至1978年的非贸易商品州级价格指数,基于美国各州的横截面样本估算菲利普斯曲线(Phillips Curve)的斜率。我们的估算结果表明,该曲线的斜率偏小,即便在20世纪80年代初期亦是如此。我们仅估算了
提供机构:
美国国家经济研究局
创建时间:
2020-10-01



