Lecture 9: The Phillips Curve and Inflation

Name: Lecture 9: The Phillips Curve and Inflation
Uploaded: 2024-06-27T15:54:15Z
Duration: 49 min 4 s
Description: Prof. Caballero introduces the Phillps Curve, which states that inflation and unemployment have an inverse relationship. Higher inflation is associated with lower unemployment and vice versa.

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Prof. Caballero introduces the Phillps Curve, which states that inflation and unemployment have an inverse relationship. Higher inflation is associated with lower unemployment and vice versa.