After The Phillips Curve: Persistence of High Inflation and High Unemployment
Conference Series 19
Following are papers presented at the Federal Reserve Bank of Boston's 19th economic conference.
Entire Proceedings (12.3MB)
Frank E. Morris
Diagnosing the Problem of Inflation and Unemployment in the Western World
Geoffrey H. Moore
An Empirical Assessment of "New Theories" of Inflation and Unemployment
Stephen K. McNees
After Keynesian Macroeconomics
Robert E. Lucas and Thomas J. Sargent, with discussion and rebuttal by Benjamin Friedman. With response to Friedman by Lucas and Sargent.
Disturbances to the International Economy
Lawrence R. Klein, with discussion by John F. Helliwell
Anti-Inflationary Policies in a Democratic Free Market Society
Institutional Factors in Domestic Inflation
Michael L. Wachter and Susan M. Wachter, with discussion by Martin N. Baily
Inflation and Unemployment in a Macroeconometric Model
Ray C. Fair, with discussion by Franco Modigliani
Summary and Evaluation
Robert M. Solow and William Poole
Sectoral Inflation and the Phillips Curve: What Has Changed since the Great Recession?
Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective
The Implications of High Leverage for Financial Instability Risk, Real Economic Activity, and Appropriate Policy Responses
Heterogeneous Beliefs and Inflation Dynamics: A General Equilibrium Approach