tag:blogger.com,1999:blog-5713178645208582139.post3304441788663101958..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: What Can Argentina Teach Us about the Phillips Curve?David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5713178645208582139.post-84962876676299381612018-05-28T08:48:26.474-05:002018-05-28T08:48:26.474-05:00Some day, soon I hope, the Phillips curve will fin...Some day, soon I hope, the Phillips curve will finally go the way of the dinosaurs. Anecdotal, small sample data do not make a theory. The problem with a Phillips curve is that it is completely demand sided. If supply changes, all bets are off. And once in a while, supply changes and the relationship moves opposite of the Phillips. It shouldn't be shocking that there's no empirical Anonymousnoreply@blogger.com