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The point of departure for the overwhelming bulk of discussions of macroeconomic management from the accession of Arthur Burns to the accession of Jay Powell to the Chairship of the Federal Reserve was the adaptive-accelerationist Phillips curve.
What is #EGgrantee #EG2021 1/
What is #EGgrantee #EG2021 1/
What is the adaptive-accelerationist Phillips curve? It is the belief that the next year’s inflation rate will be equal to the inflation rate that labor and product markets expect—which is adequately proxied by what inflation has been #EGgrantee #EG2021 2/
