Blanco, Andres; Boar, Corina; Jones, Callum; Midrigan, … - National Bureau of Economic Research - 2024
slope of the Phillips curve during periods of high inflation. Applied to the U.S. time series, our model predicts that the … slope of the Phillips curve ranges from 0.02 in the 1990s to 0.20 in the 1970s and 1980s …