The Slope of the Phillips Curve: Evidence from U.S. States

Monetary
Written By Rowdy Ferret Design

The Slope of the Phillips Curve: Evidence from U.S. States Jonathon Hazell, Juan Herreno, Emi Nakamura, and Jon Steinsson

Evidence from new state-level CPI data suggests the slope of the Phillips curve is small and was small during the 1980s. Volcker disinflation was mostly due to rapid downward shift in inflationary expectations. 

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Rowdy Ferret Design

Oakland based web designer and developer.

Loves long walks in the woods and barbeque.

http://rowdyferretdesign.com
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