Did the Global Financial Crisis Break the U.S. Phillips Curve? /
Inflation dynamics, as well as its interaction with unemployment, have been puzzling since the Global Financial Crisis (GFC). In this empirical paper, we use multivariate, possibly time-varying, time-series models and show that changes in shocks are a more salient feature of the data than changes in...
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| Format: | Revija |
| Jezik: | English |
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Washington, D.C. :
International Monetary Fund,
2016.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2016/126 |
| Online dostop: | Full text available on IMF |