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RePEcEconometrics & Forecasting

Globalization, Inflation Dynamics and the Slope of the Phillips Curve

Research finds that rising import exposure accounts for roughly 40 percent of U.S. Phillips curve flattening since 1976, with major implications for monetary policy trade-offs.

Featured in No. 136 on 23 Oct 2026 · 11 days after release

Phillips curve slope decline over time, showing import interaction term effect
Figure 4: Evolution of the National Phillips Curve Slope Coefficient
Released
12 Oct 2026
First featured
No. 136 · 23 Oct 2026
Published in
Not yet, as far as Semantic Scholar knows
Fanfare
3 of 5
Identifier
RePEc:fip:feddwp:103848
Authors
Colin J. Hottman and Ricardo M. Reyes-Heroles

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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