Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...
The Journal of Economic Perspectives, Vol. 37, No. 2 (Spring 2023), pp. 3-28 (26 pages) What do recent advances in economic geography teach us about the spatial distribution of economic activity? We ...
The current jobless rate of 3.4% is below the natural rate, implying labor market tightness and according to the Phillips curve construct. For the Phillips curve to "work," changes in unemployment and ...
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