Entendiendo la Curva de Phillips del siglo XXI: estado de la cuestión
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Abstract
La historia de la Curva de Phillips, una regularidad empírica que implica una relación inversa entre inflación y desempleo descubierta a mediados de siglo pasado, ha estado caracterizada por la controversia, tanto en el ámbito teórico como empírico. En este artículo repasamos la historia desde ese hito, pero principalmente resaltamos que actualmente una versión modificada y con fundamentos microeconómicos de la misma es una pieza importante en la modelación macroeconómica. Discutimos que la discusión académica alrededor de esta relación es, en realidad, una muestra de diferentes visiones metodológicas y epistemológicas en la profesión.
The history of Phillips curve, an empirical regularity that suggests an inverse relationship between inflation and unemployment discovered in the middle of the last century, has been characterized by controversy, both in the theoretical and empirical field. In this article we review the history of this relationship, but mainly we emphasize that today a modified version with microeconomic foundations is an important piece in macroeconomic modeling. We argue that the academic discussion around this relationship is an example of different methodological and epistemological approaches in economics.
The history of Phillips curve, an empirical regularity that suggests an inverse relationship between inflation and unemployment discovered in the middle of the last century, has been characterized by controversy, both in the theoretical and empirical field. In this article we review the history of this relationship, but mainly we emphasize that today a modified version with microeconomic foundations is an important piece in macroeconomic modeling. We argue that the academic discussion around this relationship is an example of different methodological and epistemological approaches in economics.
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No. 28