Revisiting the Phillips Curve with a Structural VAR Falk, Barry Lee, Bong-Soo
dc.contributor.department Economics 2018-02-17T01:28:55.000 2020-06-30T02:11:08Z 2020-06-30T02:11:08Z 2015-09-22 1999-03-01
dc.description.abstract <p>Our purpose is to examine the broad consistency of the data with the stylized predictions ofa simple textbook Keynesian model of inflation and unemployment. Models in this class, despite their simplicity and lack of a firm foundation in general equilibrium theory, form the basis for much of what we teach our undergraduates and for much of the public and media discussion of macroeconomic events and policies. Furthermore, the "reasonableness" of more sophisticated micro-based macroeconomic models are often judged according to how well their conclusions correspond to those that come from the aggregate supply and aggregate demand framework.</p>
dc.identifier archive/
dc.identifier.articleid 1326
dc.identifier.contextkey 7628115
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_las_staffpapers/336
dc.source.bitstream archive/|||Fri Jan 14 23:39:30 UTC 2022
dc.subject.disciplines Econometrics
dc.subject.disciplines Labor Economics
dc.subject.disciplines Macroeconomics
dc.title Revisiting the Phillips Curve with a Structural VAR
dc.type article
dc.type.genre report
dspace.entity.type Publication
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
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