The Expectations-Augmented Phillips Curve: A 12-Period Inflation Path
This lesson is part of the course
In this lesson
You simulate inflation over 12 periods with adaptive and with anchored expectations, push unemployment below its natural rate, add a one-off supply shock and chart how far the two paths drift apart.
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Lessons in this course
- The Expenditure Identity C + I + G + NX & the Income-Side Check Locked
- The Keynesian Cross: Equilibrium Output, Spending & Tax Multipliers Locked
- The Multiplier as Rounds of Spending: A Series That Converges Locked
- Linear AD–AS: Demand Booms, Supply Shocks & the Output Gap Locked
- Linear IS–LM Solved in Cells: Fiscal vs Monetary Expansion Locked
- The Output Gap & an Okun-Type Rule for Unemployment Locked
- The Expectations-Augmented Phillips Curve: A 12-Period Inflation Path Locked
- Policy Scenario Dashboard: Fiscal, Monetary & the Policy Mix Locked