Yiqun Gloria Chen
Abstract
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This paper studies the current state of inflation dynamics using a Phillips curve model, assesses the degree of anchoring of inflation expectations, and analyzes the sensitivity of inflation to cyclical fluctuations of economic conditions.
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This paper studies the current state of inflation dynamics using a Phillips curve model, assesses the degree of anchoring of inflation expectations, and analyzes the sensitivity of inflation to cyclical fluctuations of economic conditions.
Key concepts: Phillips curve, Inflation (cosmology), Economics, Keynesian economics, Monetary policy, Real interest rate, Macroeconomics, Econometrics