Tag: PC curve
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Back to the Future Part II: the Phillips curve was discovered in 1926!?
in IdeasOn October 26, 1985, in Back to the Future Part II, Dr. Emmett Brown (Doc) and Marty Mac Fly go back to 1955 after trying to…
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The Phillips curve has disappeared… not yet!
Downward wage and price rigidity matters only when overall inflation is very low. Joseph E. Gagnon (2018). As the US unemployment rate continues to drift down…