PC curve – EconMacro

The role of wage bargaining institutions in the Phillips curve flattening

NEW WORKING PAPER: We investigate the role of collective wage bargaining institutions on the relationship between wage growth and unemployment, that is, the wage Phillips curve. Based on…

Post date May 25, 2022
Post categories In Working Paper
Tags Collective Bargaining, Inflation, PC curve, Unemployment, Wage

Back to the Future Part II: the Phillips curve was discovered in 1926!?

On 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 prevent Marty’s…

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 to levels…

Post date May 25, 2019
Post categories In Pedagogical Note
Tags Nonlinear Dynamics, PC curve, PIIE
1 Comment on The Phillips curve has disappeared… not yet!

The role of wage bargaining institutions in the Phillips curve flattening

Back to the Future Part II: the Phillips curve was discovered in 1926!?

The Phillips curve has disappeared… not yet!

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