The Phillips curve has made many AP exams, but it is now under fire as the Federal Reserve considers whether or not to raise interest rates at its next meeting. There are some, according to this NYTimes article that now question the Phillips curve ability to correctly detect the relationship between inflation and unemployment.
Saturday, October 24, 2015
Phillips Curve and Janet Yellen
The Phillips curve has made many AP exams, but it is now under fire as the Federal Reserve considers whether or not to raise interest rates at its next meeting. There are some, according to this NYTimes article that now question the Phillips curve ability to correctly detect the relationship between inflation and unemployment.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment