Phillips Curve across Space and Time

15:40-17:00, Friday, September 27, 2024

I-206, Boxue Building

Dr. Yiru Wang is now an Assistant Professor in the Department of Economics at the University of Pittsburgh. She earned her Ph.D. in Economics from Universitat Pompeu Fabra in 2020. Her research interests include Econometrics, Time Series, Macroeconometrics, Empirical Macroeconomics, Panel Data. She has her papers published in Journal of Econometrics, Stata Journal, etc.

In this paper, we examine the regional trade-off between inflation and unemployment using a state-level dataset. Our analysis delves into both the reduced-form correlation and the structural Phillips curve with a state-level panel dataset. By applying a data-driven classification method, we account for potential nonlinearities and explore unobserved heterogeneity across states. Our findings underscore the presence of these nonlinearities and group patterns, highlighting that the flattening and return of the Phillips curve are regional and sporadical.

For more information of the seminar, scan the following QR code(s) to join Tencent QQ group (904 544 292) or WeChat group named "IAER Seminar (5)", please.

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(QR code is valid until September 30, 2024)