Rouven Haschka 
Revisiting the Phillips curve: Inflation dynamics in a post-pandemic economy
Monday, May 12, 09:00, | Download .ics

in person, 
Raum 20
(Fakultätssitzungssaal)

Habilitationsvortrag

The COVID-19 pandemic and its aftermath have profoundly altered inflation dynamics, prompting a re-evaluation of the Phillips Curve framework. In this presentation, I revisit the relationship between inflation and economic slack in light of recent macroeconomic shocks, including supply chain disruptions, labor market frictions, and expansive fiscal-monetary policies. Drawing on both empirical evidence, I assess whether the slope of the Phillips Curve has changed in the post-pandemic era and explore the mechanisms behind any observed shifts. Theoretical considerations include anchored expectations, globalization of inflation, and nonlinearities in the Phillips curve. I propose an agenda for future research that integrates nonlinearities and evolving behavioral responses into inflation modeling. The results have implications for monetary policy design in an era of heightened uncertainty and structural transformation.