Ball, Laurence M. (contributor); … - 2001 - [Elektronische Ressource]
estimate alternative Phillips curves with annual U.S. data
from 1962-1995, and then use these equations to forecast
inflation … depends one-for-one on productivity growth and
aspirations have no effect.
For 1962-1995 -- the Old-Economy period …-curve estimates for 1962-1995 with different values of
β imposed. The Table also reports joint estimates of β and the
Phillips …
