In Hooper, Mishkin and Sufi’s study, they find significant evidence of both negative slope and nonlinearity in the Phillips curve, meaning that the wage Phillips curve is very much alive.
Share this post
I mean, inflation.
Share this post
In Hooper, Mishkin and Sufi’s study, they find significant evidence of both negative slope and nonlinearity in the Phillips curve, meaning that the wage Phillips curve is very much alive.