Has this staple of monetary economics outlived its usefulness?
There are more countries whose Phillips Curve look like themselves: https://thefaintofheart.wordpress.com/2015/01/31/geography-is-a-great-predictor/
very nice article! congrats
Hooper, Mishkin, Sufi: "A flat Phillips curve reduces the chances of a breakout of inflation." Wrong! See https://marcusnunes.substack.com/p/kernels-of-truth
Its simpler. A "flat Phillips Curve" (no trade-off) is the result of high quality monetary policy!
https://marcusnunes.substack.com/p/kernels-of-truth
There are more countries whose Phillips Curve look like themselves: https://thefaintofheart.wordpress.com/2015/01/31/geography-is-a-great-predictor/
very nice article! congrats
Hooper, Mishkin, Sufi: "A flat Phillips curve reduces the chances of a breakout of inflation." Wrong! See https://marcusnunes.substack.com/p/kernels-of-truth
Its simpler. A "flat Phillips Curve" (no trade-off) is the result of high quality monetary policy!
https://marcusnunes.substack.com/p/kernels-of-truth