What Is the Phillips Curve (and Why Has It Flattened)?
https://www.stlouisfed.org/open-vault/2020/january/what-is-phillips-curve-why-flattened
Historical Relationship Between Inflation and UnemploymentThen and NowWhy Has The Phillips Curve Flattened?What Does All of This Mean For Monetary Policy? St. Louis Fed President James Bullard has previously discussed the flattening of the empirical Phillips curve, including during an NPR interviewin October 2018. “If you put it in a murder mystery framework—‘Who Killed the Phillips Curve?’—it was the Fed that killed the Phillips curve,” Bullard said. “The Fed has been much more mindful about targeti...
St. Louis Fed President James Bullard has previously discussed the flattening of the empirical Phillips curve, including during an NPR interviewin October 2018. “If you put it in a murder mystery framework—‘Who Killed the Phillips Curve?’—it was the Fed that killed the Phillips curve,” Bullard said. “The Fed has been much more mindful about targeti...
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