Phillips curve still explains eurozone inflation movements – research

The Phillips curve remains a valid model to explain the evolution of inflation in the eurozone, says research published by the European Central Bank on January 7.

Economists Laurence Ball at Johns Hopkins University, and Sandeep Mazumder at Wake Forest University in the US claim inflation behaviour in Europe “is not as puzzling or complex as recent discussions suggest”. In fact, “a simple Phillips curve captures most of the movements in inflation over the 20 years that the euro has existed,”

You are currently unable to copy this content. Please contact [email protected] to find out more.

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!