It takes the average reader and 42 minutes to read Did the Global Financial Crisis Break the U.S. Phillips Curve? by Stefan Laseen
Assuming a reading speed of 250 words per minute. Learn more
Inflation dynamics, as well as its interaction with unemployment, have been puzzling since the Global Financial Crisis (GFC). In this empirical paper, we use multivariate, possibly time-varying, time-series models and show that changes in shocks are a more salient feature of the data than changes in coefficients. Hence, the GFC did not break the Phillips curve. By estimating variations of a regime-switching model, we show that allowing for regime switching solely in coefficients of the policy rule would maximize the fit. Additionally, using a data-rich reduced-form model we compute...
Did the Global Financial Crisis Break the U.S. Phillips Curve? by Stefan Laseen is 42 pages long, and a total of 10,584 words.
This makes it 14% the length of the average book. It also has 13% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 57 minutes to read Did the Global Financial Crisis Break the U.S. Phillips Curve? aloud.
Did the Global Financial Crisis Break the U.S. Phillips Curve? is suitable for students ages 8 and up.
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