A Hundred Years of Business Cycles and the Phillips Curve - Sciences Po
Pré-Publication, Document De Travail Année : 2024

A Hundred Years of Business Cycles and the Phillips Curve

Lapo Bini
  • Fonction : Auteur
  • PersonId : 1453039

Résumé

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.
Fichier principal
Vignette du fichier
OFCEWP2024-17.pdf (2.51 Mo) Télécharger le fichier
Origine Fichiers éditeurs autorisés sur une archive ouverte
Licence

Dates et versions

hal-04814648 , version 1 (02-12-2024)

Licence

Identifiants

  • HAL Id : hal-04814648 , version 1

Citer

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

Partager

More