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.
I mean, inflation.
I mean, inflation.
I mean, inflation.
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.