Discover and read the best of Twitter Threads about #PhillipsCurveWar
Most recents (1)
1. Why is core inflation so low in the #Euro area despite a strong recovery and dynamic wages?
Thread on our #BdfEco piece with @diev_pavel and A. Lalliard
publications.banque-france.fr/en/why-have-st…
Thread on our #BdfEco piece with @diev_pavel and A. Lalliard
publications.banque-france.fr/en/why-have-st…
2. With my colleagues, we have been defending a plain old conservative #PhillipsCurve for several years.
3. But there is no way you can understand recent core inflation with a #PhillipsCurve: it’s been perfectly flat, while unemployment has dropped quite substantially, hence the #PhillipsCurveWar between for instance @farmerrf and @ojblanchard1 
