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rebeleconprof / Josh Hendrickson
npub18wg…r2wn
2023-03-28 11:35:12

rebeleconprof on Nostr: Central bankers continue to use the Phillips Curve as a guide for monetary policy. ...

Central bankers continue to use the Phillips Curve as a guide for monetary policy. This demonstrates a basic lack of understanding about the Phillips Curve itself and the last 50 years of macroeconomic theory.

https://pricetheory.substack.com/p/what-theory-does-and-does-not-say
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