Journal Article

The Case of the Reappearing Phillips Curve: A Discussion of Recent Findings

Abstract: The Phillips curve seems to have flattened over time. In this article, we use a simple New Keynesian model to analyze potential pitfalls in the estimation of the slope of the structural Phillips curve.

JEL Classification: E12; E31; E58; R13;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Review

Publication Date: 2020-07

Volume: 102

Issue: 3

Pages: 313-337