US Phillips Curve “not broken” – IMF paper
Research finds economic behaviour since the crisis does not reflect change in curve dynamics
The global financial crisis did not break the Phillips curve in the US, a working paper published by the International Monetary Fund finds.
The slow inflation growth that accompanied rising job numbers and low unemployment rates has prompted many to speculate on whether the Phillips curve has evolved since the crisis.
Stefan Laseen and Marzie Taheri Sanjani address the question in Did the global financial crisis break the US Phillips Curve? They seek to shed light on the dynamics between
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