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The Fed’s Phillips Curve Isn’t Dead—-It Never Existed
06-13-2018, 01:41 PM,
#1
The Fed’s Phillips Curve Isn’t Dead—-It Never Existed
The Fed’s Phillips Curve Isn’t Dead—-It Never Existed

In a front page story yesterday, Timiraos reported the Fed’s standard Phillips Curve view even though the latter has long been discredited.  Timiraos asked “[H]ow low can the U.S. unemployment rate safely go?” His analysis presumes there are limits to growth.  Timiraos is convinced that if too many Americans are working, that the latter will […]


http://davidstockmanscontracorner.com/th...r-existed/
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