The Slope of the Phillips Curve: Evidence from U.S. States
The Slope of the Phillips Curve: Evidence from U.S. States
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Publisher
Oxford University Press
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Language
English
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Publisher
Oxford University Press
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Abstract
We estimate the slope of the Phillips curve in the cross section of U.S. states using newly constructed state-level price indices for nontradeable goods back to 1978. Our estimates indicate that the slope of the Phillips curve is small and was small even during the early 1980s. We estimate only a modest decline in the slope of the Phill...
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Full title
The Slope of the Phillips Curve: Evidence from U.S. States
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TN_cdi_crossref_primary_10_1093_qje_qjac010
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1093_qje_qjac010
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ISSN
0033-5533
E-ISSN
1531-4650
DOI
10.1093/qje/qjac010