Ricardo Reis on the Macroeconomics of Financial Crises and the Recent Inflation Surge
Macro Musings with David Beckworth
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The Phillips Curve and the Future of Macroeconomics
The Phillips curve is the key part of modern macro. It's come under a lot of criticism because we've had low inflation, low unemployment. What is your thoughts on the Phillips curve? And maybe that we should begin with, how do you view the Phillips Curve? Do you view it as a reduced form relationship or a deep structural one? Then from there, I guess it's maybe easier to think about its future. Okay, one last question, and I'll let you go. But the Phillips curves has a very important tradeoff for what you can do in controlling inflation.
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