{"id":"https://openalex.org/W3016902305","doi":"https://doi.org/10.1353/eca.2020.0004","title":"What's Up with the Phillips Curve?","display_name":"What's Up with the Phillips Curve?","publication_year":2020,"publication_date":"2020-01-01","ids":{"openalex":"https://openalex.org/W3016902305","doi":"https://doi.org/10.1353/eca.2020.0004","mag":"3016902305"},"language":"en","primary_location":{"id":"doi:10.1353/eca.2020.0004","doi":"https://doi.org/10.1353/eca.2020.0004","is_oa":false,"landing_page_url":"https://doi.org/10.1353/eca.2020.0004","pdf_url":null,"source":{"id":"https://openalex.org/S4210173904","display_name":"Brookings Papers on Economic Activity","issn_l":"0007-2303","issn":["0007-2303","1533-4465"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-200","russia-white-list-1","vabb-shw"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Brookings Papers on Economic Activity","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5064616453","display_name":"Marco Del Negro","orcid":"https://orcid.org/0009-0002-0117-5470","observed_orcids":["https://orcid.org/0009-0002-0117-5470"]},"institutions":[{"id":"https://openalex.org/I1317239608","display_name":"Federal Reserve","ror":"https://ror.org/05fk5tr28","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Marco Del Negro","raw_affiliation_strings":["FEDERAL RESERVE BANK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"FEDERAL RESERVE BANK","institution_ids":["https://openalex.org/I1317239608"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5052418887","display_name":"Mich\u00e8le Lenza","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Michele Lenza","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5089986578","display_name":"Giorgio E. Primiceri","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Giorgio E. Primiceri","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5087684555","display_name":"Andrea Tambalotti","orcid":"https://orcid.org/0000-0002-9323-2470","observed_orcids":["https://orcid.org/0000-0002-9323-2470"]},"institutions":[{"id":"https://openalex.org/I1317239608","display_name":"Federal Reserve","ror":"https://ror.org/05fk5tr28","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Andrea Tambalotti","raw_affiliation_strings":["FEDERAL RESERVE BANK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"FEDERAL RESERVE BANK","institution_ids":["https://openalex.org/I1317239608"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":17.0485,"has_fulltext":false,"cited_by_count":107,"citation_normalized_percentile":{"value":0.99210041,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":100},"biblio":{"volume":"2020","issue":"1","first_page":"301","last_page":"373"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/phillips-curve","display_name":"Phillips curve","score":0.9959999918937683},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.7179999947547913},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.5270000100135803},{"id":"https://openalex.org/keywords/great-recession","display_name":"Great Recession","score":0.8989999890327454},{"id":"https://openalex.org/keywords/aggregate-supply","display_name":"aggregate supply","score":0.5730000138282776},{"id":"https://openalex.org/keywords/cost-pressure","display_name":"cost pressure","score":0.8840000033378601},{"id":"https://openalex.org/keywords/demand-shocks","display_name":"demand shocks","score":0.9620000123977661},{"id":"https://openalex.org/keywords/labour-market-tightness","display_name":"labor market tightness","score":0.9390000104904175},{"id":"https://openalex.org/keywords/inflation-measurement","display_name":"inflation measurement","score":0.328000009059906},{"id":"https://openalex.org/keywords/dsge-model","display_name":"DSGE model","score":0.7350000143051147}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8628238439559937},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.753257691860199},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.7503582239151001},{"id":"https://openalex.org/C2778774626","wikidata":"https://www.wikidata.org/wiki/Q220841","display_name":"Phillips curve","level":3,"score":0.6384071707725525},{"id":"https://openalex.org/C68356823","wikidata":"https://www.wikidata.org/wiki/Q2474789","display_name":"Aggregate supply","level":4,"score":0.5920507907867432},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.5562002062797546},{"id":"https://openalex.org/C195742910","wikidata":"https://www.wikidata.org/wiki/Q176494","display_name":"Recession","level":2,"score":0.5520404577255249},{"id":"https://openalex.org/C2776900844","wikidata":"https://www.wikidata.org/wiki/Q8028383","display_name":"Witness","level":2,"score":0.5468229651451111},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5147562026977539},{"id":"https://openalex.org/C2777885895","wikidata":"https://www.wikidata.org/wiki/Q1932544","display_name":"Real wages","level":3,"score":0.463181734085083},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4577450156211853},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.45585402846336365},{"id":"https://openalex.org/C4679612","wikidata":"https://www.wikidata.org/wiki/Q866298","display_name":"Aggregate (composite)","level":2,"score":0.4460389316082001},{"id":"https://openalex.org/C103382277","wikidata":"https://www.wikidata.org/wiki/Q282640","display_name":"General equilibrium theory","level":2,"score":0.4380591809749603},{"id":"https://openalex.org/C489367","wikidata":"https://www.wikidata.org/wiki/Q1962064","display_name":"Dynamic stochastic general equilibrium","level":3,"score":0.437081903219223},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.4270324409008026},{"id":"https://openalex.org/C203379541","wikidata":"https://www.wikidata.org/wiki/Q1801078","display_name":"Aggregate demand","level":3,"score":0.39470258355140686},{"id":"https://openalex.org/C2778126366","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment","level":2,"score":0.23301932215690613},{"id":"https://openalex.org/C159985019","wikidata":"https://www.wikidata.org/wiki/Q181790","display_name":"Composite material","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1353/eca.2020.0004","doi":"https://doi.org/10.1353/eca.2020.0004","is_oa":false,"landing_page_url":"https://doi.org/10.1353/eca.2020.0004","pdf_url":null,"source":{"id":"https://openalex.org/S4210173904","display_name":"Brookings Papers on Economic Activity","issn_l":"0007-2303","issn":["0007-2303","1533-4465"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-200","russia-white-list-1","vabb-shw"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Brookings Papers on Economic Activity","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2567297600","https://openalex.org/W4404056052","https://openalex.org/W7204099985","https://openalex.org/W2972485458","https://openalex.org/W2158043445","https://openalex.org/W2066919722","https://openalex.org/W7127638167","https://openalex.org/W4367156477","https://openalex.org/W7100451852","https://openalex.org/W4395086276"],"abstract_inverted_index":{"The":[0,103],"business":[1],"cycle":[2],"is":[3,54],"alive":[4],"and":[5,7,41],"well,":[6],"real":[8,101],"variables":[9],"respond":[10],"to":[11,57,63,87],"it":[12],"more":[13,81],"or":[14,118],"less":[15],"as":[16],"they":[17,69],"always":[18],"did.":[19],"Witness":[20],"the":[21,33,52,58,94,100,112,115],"Great":[22],"Recession.":[23],"Inflation,":[24],"in":[25,78,111,119],"contrast,":[26],"has":[27],"gone":[28],"quiescent.":[29],"This":[30],"paper":[31],"studies":[32],"sources":[34],"of":[35,61,67,96,114],"this":[36],"disconnect":[37,53],"using":[38],"vector":[39],"autoregressions":[40],"an":[42],"estimated":[43],"dynamic":[44],"stochastic":[45],"general":[46],"equilibrium":[47],"model.":[48],"It":[49],"finds":[50],"that":[51],"due":[55],"primarily":[56],"muted":[59],"reaction":[60],"inflation":[62,83],"cost":[64],"pressures,":[65],"regardless":[66],"how":[68,120],"are":[70],"measured\u2014a":[71],"flat":[72],"aggregate":[73],"supply":[74],"curve.":[75],"A":[76],"shift":[77],"policy":[79],"toward":[80],"forceful":[82],"stabilization":[84],"also":[85],"appears":[86],"have":[88],"played":[89],"some":[90],"role":[91],"by":[92],"reducing":[93],"impact":[95],"demand":[97],"shocks":[98],"on":[99],"economy.":[102],"evidence":[104],"rules":[105],"out":[106],"stories":[107],"centered":[108],"around":[109],"changes":[110],"structure":[113],"labor":[116],"market":[117],"we":[121],"should":[122],"measure":[123],"its":[124],"tightness.":[125]},"counts_by_year":[{"year":2026,"cited_by_count":15},{"year":2025,"cited_by_count":22},{"year":2024,"cited_by_count":18},{"year":2023,"cited_by_count":28},{"year":2022,"cited_by_count":10},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2020-04-24T00:00:00"}