The Phillips Curve is back. In saying so, I do not mean to imply that being “back” refers to a sudden reappearance of a stable empirical relationship between unemployment (or the output gap ...

Over the same time, a positive link between the level of inflation and the output gap has emerged, reminiscent of the original 1958 version of the Phillips curve. This development is important because ...

One promising approach involves modifying a typical Phillips curve predictive regression to include an interaction variable, defined as the multiplicative combination of lagged inflation and the ...

This post offers a framework for thinking about the effect of tariffs on major asset class returns by estimating asset ...

Why has the Phillips curve, displaced by the NAIRU and the output gap (which suggests that inflation will rise when economic growth is above trend), come back into the economic debate after so ...

We do this by including a number of global variables in our Phillips curve, namely the foreign output gap, foreign inflation, non-oil import prices, oil prices, and the nominal effective exchange rate ...

The model I used in that congressional testimony wasn’t based on a Phillips curve ... Economists call this the “output gap.” A goal of economic stimulus is to make up the gap by boosting ...

Even if the Brazilian economy this year grows by 9%, the output gap and unemployment will remain at high levels. And what matters for the Phillips Curve or accelerationist theories of inflation is ...

We propose a macroeconomic model with a nonlinear Phillips curve that has a flat slope when inflationary ... the central bank faces a more severe trade-off between inflation and output stabilization ...

The traditional Phillips curve purports that when unemployment ... aren't necessarily using whatever leverage they may get as output markets tighten up to bid up prices because they themselves ...

dubbed the Phillips curve, has looked sickly for years. In Japan, it may be dead, a preview of what central bankers may confront everywhere. Japan, uncharacteristically, has been booming. Output ...