What does this research mean for the field?

Question

Accepted Answer

Supply disruptions and low unemployment steepen the Phillips curve, amplifying the inflationary effects of increased demand and making the impact of fiscal policy dependent on prevailing economic conditions. Novelty: ClaimNovelty.INCREMENTAL. Consensus alignment: ConsensusAlignment.NEUTRAL.

Supply disruptions, economic slack, and the state‐dependent Phillips curve

Discussion

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Overview

Key Points

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