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LIMITATIONS OF THE LAFFER CURVE AS A JUSTIFICATION FOR TAX CUTS
LAFFER CURVE TAX CUTS economic reality
2008/12/24
Professor Laffer’s paper’ leads me to ask four questions, which I
shall address in turn:
1, Is the Laffer curve an accurate depiction of economic reality?
2. Are we in a prohibitive region of the L...
There is no evidence of a Phillips curve showing a tradeoff between
unemployment and inflation. The function for estimating the nonaccelerating
inflation rate of unemployment (NAIRU) has been incorr...
ON THE DEATH OF THE PHILLIPS CURVE：FURTHER EVIDENCE
THE PHILLIPS CURVE inflation rate negative short-run
2008/11/7
In a recent contribution to this journal, William Niskanen (2002)
convincingly showed that the Phillips curve does not exist in the
United States, at least not in the form usually proposed. Though t...
THE CONQUEST OF WORLDWIDE INFLATION：CURRENCY COMPETITION AND ITS IMPLICATIONS FOR INTEREST RATES AND THE YIELD CURVE
INFLATION CURRENCY COMPETITION INTEREST RATES YIELD CURVE
2008/11/4
In the United States and in virtually every country around the
world, inflation has declined, and in most countries dramatically so. In
addition, the volatility of inflation and expectations of futu...
On the Death of the Resurrected Short-Run Phillips Curve：A Further Investigation
unemployment rate Phillips Curve
2008/11/4
In a recent issue of this journal, Richard Reichel (2004) takes issue
with the resurrected Phillips curve (PC) in William Niskanen’s (2002)
article. Accordingly, Niskanen’s reformulation of the PC p...