ã¨ããNBERè«æãä¸ãã£ã¦ãããåé¡ã¯ãItâs Baaack: The Surge in Inflation in the 2020s and the Return of the Non-Linear Phillips Curveãã§ãèè ã¯Pierpaolo Benignoï¼ãã«ã³å¤§ï¼ãGauti B. Eggertssonï¼ãã©ã¦ã³å¤§ï¼ã 以ä¸ã¯ãã®è¦æ¨ã This paper proposes a non-linear New Keynesian Phillips curve (Inv-L NK Phillips Curve) to explain the surge of inflation in the 2020s. Economic slack is measured as firms' job vacancies over the number of unemployed
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