Most of the models used are based on versions of the new Keynesian Phillips curve, which links inflation to inflation expectations, the extent of economic slack, and indicators of supply shocks. Ben ...

It is not clear whether expectations are sufficiently anchored to prevent deflation over the next few years. Finally, we show that the Great Recession provides fresh evidence against the New Keynesian ...

The Keynesian economists in the room would tell ... Economists had frequently used the Phillips curve to explain the relationship between unemployment and inflation, and expected that inflation ...

Keynesian economics disputes the notion held by some economists that lower wages can restore full employment because labor demand curves slope downward like any other normal demand curve.

It could be obtained by moving along the Phillips curve, using government spending and other measures to increase inflation and bring down unemployment. Leading Keynesian economists including Paul ...

We study the global inflation surge during the pandemic recovery and the implications for aggregate and sectoral Phillips curves ... three features emerge endogenously in a two-sector new-Keynesian ...