Phillips Curve and Endogenous Business Cycles
The Phillips curve slope is determined by CES curvature. Classical business cycle types emerge as eigenfrequencies of the multi-sector CES system.
Impact Score
Score Reasoning
- Importance
- Derives the Phillips curve slope from CES curvature and explains its secular flattening. Connects macro's central empirical relationship to the CES microstructure.
- Novelty
- New structural derivation of Phillips curve slope as ratio of sectoral adjustment speeds pinned by K. The flattening-as-rising-rho interpretation and damping cancellation for monetary policy are novel connections.
- Quality
- Comprehensive article covering Phillips curve, endogenous cycles, and damping cancellation. Well-structured with LaTeX, tables, and extensive cross-links to 8 related pages.