A Hundred Years of Business Cycles and the Phillips Curve - Les publications de l'OFCE (Observatoire français des conjonctures économiques)
Preprints, Working Papers, ... Year : 2024

A Hundred Years of Business Cycles and the Phillips Curve

Lapo Bini
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Abstract

This study investigates the business cycle dynamics of the U.S. economy since 1900 through a multivariate framework that imposes minimal economic restrictions. A key finding is the presence of a significant negative correlation between inflation and economic slack, at business cycle frequencies. This relationship remains robust across over a century of data, with stable coefficients in subsample periods.
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hal-04814648 , version 1 (02-12-2024)

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  • HAL Id : hal-04814648 , version 1

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Lapo Bini, Lucrezia Reichlin, Giovanni Ricco. A Hundred Years of Business Cycles and the Phillips Curve. 2024. ⟨hal-04814648⟩
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