Matheson, Troy; Stavrev, Emil - In: Economics Letters 120 (2013) 3, pp. 468-472
Notwithstanding high unemployment following the Great Recession, inflation in the United States has been remarkably … stable. We find that a traditional Phillips curve describes the behavior of inflation reasonably well since the 1960s. Using … observed stability of inflation: inflation expectations have become better anchored and to a lower level; the slope of the …
