2013•National Bureau of Economic ResearchOpen access

Is The Phillips Curve Alive and Well After All? Inflation Expectations and the Missing Disinflation

Olivier Coibion, Yuriy Gorodnichenko

Abstract

participants at Southern Methodist University, participants at the NBER Conference on Lessons from the Financial Crisis, and our discussant Virgiliu Midrigan for very helpful comments, Graham Howard for assistance with data from the Reserve Bank of New Zealand

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Key concepts: Disinflation, Phillips curve, Inflation (cosmology), Keynesian economics, Economics, Econometrics, Monetary policy, Physics