Prospects for Inflation in a High Pressure Economy: Is the Phillips Curve Dead or is It Just Hibernating?¶
Hooper, Mishkin, & Sufi. (2019). Prospects for Inflation in a High Pressure Economy: Is the Phillips Curve Dead or is It Just Hibernating?: Is the Phillips Curve Dead or is It Just Hibernating?. Research in Economics.
Cited by¶
1 citation across 1 artifact.
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Domain-specific¶
- Phillips Curve
- For decades the curve had appeared nearly flat — unemployment fell to historic lows through the 2010s with inflation barely moving
This sourceHooper, Mishkin and Sufi's evidence that US unemployment below the natural rate, at levels last seen in the late 1960s, was accompanied by only modest inflation, consistent with a very flat Phillips curve.
SupportedVerified against the work's full text
“This result is consistent with a Phillips curve that is very flat”
- For decades the curve had appeared nearly flat — unemployment fell to historic lows through the 2010s with inflation barely moving
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