Ironsides Macroeconomics 'It's Never Different This Time'
Ironsides Macroeconomics 'It's Never Different This Time'
Comfort with the Curves
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Comfort with the Curves

QRA, QT, Beveridge and Phillips Curves, Bear Steepening, Quadrilemma or Immaculate Disinflation Scenario Analysis
Barry C. Knapp
May 06, 2024
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Comfort with the Curves

Figure 5: During 2022 the Phillips Curve went ‘vertical’, in other words wage growth cooled without any increase in unemployment. During 2023 and the first four months of ‘24 the curve appears to be normalizing to its theoretical construct, wages growth eased with rising unemployment. This will reassure the Fed that policy is inde…

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Ironsides Macroeconomics 'It's Never Different This Time'
Ironsides Macroeconomics 'It's Never Different This Time'
Macroeconomic and public policy strategy
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Barry C. Knapp
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