Is the Phillips Curve Still a Good Tool for Policymakers?

The Phillips Curve describes the historically inverse relationship between inflation and unemployment and has been a useful guide for fiscal policy. However, in recent years, the curve has flattened, which could be troublesome if inflation spikes after a long period of monetary stimulus. Presented by @CMEGroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_econ&utm_content=more_insights

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