🚨 如何精確捕捉數據中「消失的結構」?我們的最新研究剛剛在 MDPI的Mathematics期刊上線了!

​我們開發了一種全新的「可計算分段線性迴歸(CPLR)」模型。我們不再假設世界是線性平滑的,而是讓數據自己告訴我們:轉折點在哪裡?

接下來讓我簡單說明一下

@academicchatter

​1/4 🧵 #數學建模 #經濟學 #Phillipscurve #Mathematics #economics #modelling

(Oops!) Based on the shape of the #PhillipsCurve and the planned German Govt spending on infrastructure, @Isabel_Schnabel rules out further interest rate cuts, emphasizing that the current interest rate is “neutral”, chart @ECB https://www.ecb.europa.eu/press/key/date/2025/html/ecb.sp250510~31aea4f78a.en.html
Keeping a steady hand in an unsteady world

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

European Central Bank

Thread on (formerly) persistently low #inflation in #Japan, the fallacy of the #PhillipsCurve, and exogenous #wages:

The "labour market" is pure theoretical figment: There's no generalised barter of #labour. Particularly, it does not determine money wages.
1/

#Day15 of the #30DayChartChallenge, #historical

💸 Fall of the Phillips Curve: Unemployment and Inflation in the United States Years 1950-1984

📂: https://t.ly/JSW3m

#rstats #dataviz #ggplot2 #PhillipsCurve #inflation #unemployment

dataviz/R/30DayChartChallenge2024/day_15 at main · michal0091/dataviz

Repositorio de GitHub con scripts de visualizaciones de datos en R. Incluye gráficos de barras, líneas, dispersión, anillos, mapas, árboles, burbujas, caja y probabilidad. - michal0091/dataviz

GitHub

I haven't often relied on the position papers of the Cato Institute for much of anything, since I know where they are and what they're about. But this one is a very stern critique of Jerome Powell's reliance on the Phillips Curve of the relationship of employment to inflation to inform Fed policy on interest rates. My own impression is the Curve offers misleading guidance for two reasons:

- Correlation is not causation, as high employment does not inherently boost inflation;

- The Curve says nothing about the inflationary nature of excessive profits.

#Fed #Powell #PhillipsCurve

https://www.cato.org/cato-journal/winter-2020/phillips-curve-poor-guide-monetary-policy

Mainly coz Roubini is right
bout #stagflation
OPEC embargo lasted a few months but PriceOfOil never went down again:
shortages and rising prices uS$ 3 to uS$ 13 a barrel in one or two years
Add 60's inflation in US,
#Vietnam war military spending and low productivity
Main problem is when people are blind with #maths of a theory but dispenses reason
If there is unemployment and wages fall,it was thought that consumer prices should fall NOT TRUE and #PhillipsCurve is covered in dust of history.
READ... The stakes are too high to use the #PhillipsCurve with its unreliable tradeoff between #unemployment and #inflation. We don't need millions of Americans out of work. We need investments in our future. - by #ClaudiaSahm
https://open.substack.com/pub/stayathomemacro/p/ban-the-phillips-curve
Ban the Phillips Curve

The stakes are too high to use the Phillips Curve with its unreliable tradeoff between unemployment and inflation. We don't need millions of Americans out of work. We need investments in our future.

Stay-At-Home Macro

Today, from the great (i.e. enlightened) economist #ClaudiaSahm on the archaic #PhillipsCurve...

[For background, read her analysis of what the #Fed is doing wrong, and why... https://stayathomemacro.substack.com/p/congress-must-rein-in-the-fed ]

Congress must rein in the Fed

The Fed continues to raise interest rates aggressively, making it costly for Americans to defend democracy in Ukraine and threatening a recession. It's time for Congress to act.

Stay-At-Home Macro
Lots of talk about the flattening of the #PhillipsCurve, so why not have a listen to our #podcast all about AW Phillips. He had the most amazing life and was a very nuanced thinker when it came to #Economics. https://open.spotify.com/episode/3RHbQoyMtNnedfI0PKJITC
Season 6 Episode 1 - A W "Bill" Phillips

Listen to this episode from Economics In Ten on Spotify. An economist that hunted crocodiles? An inventor who constructed prison camp radios and hydraulic models of the economy? An adventurer that could speak five different languages and was arrested for spying? Who is this ‘Indiana Jones of Economics’ as he was once described? We discuss in this episode the remarkable life and times of A.W. Phillips or ‘Bill’ as he was known to his friends. He has one of the most incredible life stories of any of the economists we have covered in our show whilst remaining immensely relevant to modern economic discussion. His formulation of a curve bearing his name still helps form the framework for debates about trade-offs in the macroeconomy.  In this podcast from your friendly neighbourhood economists, Pete and Gav, you will discover all about the life of A.W. Phillips and his contribution to economics. There is a quiz as always and a great poem that ends the episode! Technical support as always comes from ‘Del Boy’ Nic, who this time, next year, will be a millionaire!

Spotify