On the Long Run Phillips Curve Genus

Cross, Rod (2018) On the Long Run Phillips Curve Genus. Discussion paper. University of Strathclyde, Glasgow.

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This note points out that the long run Phillips curve genus contains upward and downward sloping species as well as the vertical species. Observers have found it difficult to sight the vertical species in certain countries, in certain epochs. This difficulty could well arise from the observers having looked for the wrong species.