Fauvel, Yvon; Guay, Alain; Paquet, Alain - In: L'Actualité Economique 81 (2005) 4, pp. 665-691
In the 90s, the behaviour of US inflation has been a puzzle for many analysts; for eight years, the unemployment rate remained below 6% without giving rise to a significant acceleration of prices and wages. Once again, both the theoretical and empirical relevance of the Phillips curve has been...
