Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States

Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States
Previous tests for convexity in the Phillips curve have been biased because researchers have employed filtering techniques for the NAIRU that have been fundamentally inconsistent with the existence of convexity. This paper places linear and nonlinear models of the Phillips curve on an equal statistical footing by estimating model-consistent... READ MORE...

Publication date: October 1996
ISBN 9781451853421
$15.00

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