1 Theoretical Literature Contends That Whether The Expectations Augmented Phillips C 3182711
1. Theoretical literature contends that whether the expectations-augmented Phillips curve fits the databetter. In doing this it assumes that next period’s expected inflation rate is given by the inflation rateobserved today (pt+1 = pt). In this exercise you are asked to investigate whether the fit improves if oneuses economic forecaster’s measures of inflation expectations.a. Go […]


