というFRB論文をMostly Economicsが紹介している。原題は「Who Killed the Phillips Curve? A Murder Mystery」で、著者はFRBのDavid RatnerとJae Sim。 以下はその要旨。 Is the Phillips curve dead? If so, who killed it? Conventional wisdom has it that the sound monetary policy since the 1980s not only conquered the Great Inflation, but also buried the Phillips curve itself. This paper provides an alternative explanation: labor market policie