蝌蚪网

This website uses cookies.

By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device to enhance site navigation and analyze site performance and traffic. For more information on our use of cookies, please see our Privacy Policy.

  1. Home
  2. 蝌蚪网
  3. 蝌蚪网 Review: Insights
  4. Forthcoming Articles
  5. Did Recent Inflation Reflect a Nonlinear Phillips Curve?

蝌蚪网 Review: Insights

ISSN 2640-205X (Print) | ISSN 2640-2068 (Online)

Did Recent Inflation Reflect a Nonlinear Phillips Curve?

  • Paul Beaudry
  • Chenyu Hou
  • Franck Portier
蝌蚪网 Review: Insights (Forthcoming)

Abstract

To examine the potential role of a nonlinear Phillips curve in explaining recent US inflation, we combine evidence from both crosscity variation and aggregate time series data. A central challenge relates to how best to control for the potential confounding effect of inflation expectations. The paper explores several options. Our findings place into question the robustness that tight labour markets, due to a nonlinear Phillips curve, played a very important role in the recent inflation episode.

Downloads