The Institute’s Policy Briefs in International Economics are short papers that convey urgent policy problems and outline courses of action to resolve them. Each brief begins with an assessment of a current issue, then critiques existing policies, and concludes with policy recommendations. The views expressed in these policy briefs are those of the authors and do not necessarily reflect the views of the individual members of the Institute's Board of Directors or its Advisory Committee. We welcome feedback from readers and encourage you to convey your comments directly to the authors.
The US Phillips Curve: Back to the 60s?
by Olivier Blanchard, Peterson Institute for International Economics