Optimal inflation and the identification of the Phillips curve
M McLeay, S Tenreyro - NBER Macroeconomics Annual, 2020 - journals.uchicago.edu
Several academics and practitioners have pointed out that inflation follows a seemingly
exogenous statistical process, unrelated to the output gap, leading some to argue that the …
exogenous statistical process, unrelated to the output gap, leading some to argue that the …
Did monetary policy kill the Phillips curve? Some simple arithmetics
D Bergholt, F Furlanetto… - Review of Economics and …, 2024 - direct.mit.edu
An apparent disconnect has taken place between inflation and economic activity in the pre-
COVID US economy, causing some to believe that the Phillips curve has flattened. We argue …
COVID US economy, causing some to believe that the Phillips curve has flattened. We argue …