Macro Lit Review 4: Highlights from Mid-2023 with George Selgin
Macro Musings with David Beckworth
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The Pragmatist Argument for the Phillips Curve
The Phillips curve takes too many shortcuts or tries to do too many things at once. I think that thinking in terms of aggregate supply and aggregate demand shifting around is closer to grasping the true structural relationships. For me, it's just not very useful. But as far as being pragmatic is concerned, I think the proof is in the pudding.
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