Implications of a modern phillips curve
Thesis advisor: Robert Murphey === This paper demonstrates that a linear Phillips Curve has neither theoretical nor empirical justification. I first alter the traditional linear model specification to allow for non-linearity between inflation and unemployment. I show that these non-linear models pro...
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| Format: | Others |
| Language: | English |
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Boston College
2017
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| Online Access: | http://hdl.handle.net/2345/bc-ir:107432 |