A Paradigm Shift in the Neo-Keynesian Synthesis: Deconstructing the Phillips Curve in a Post-Pandemic Economic Landscape

Taylor Rodriguez; Jacob Edwards; Pat White; Jamie Nelson

Authors

Taylor Rodriguez PhD
Jacob Edwards Associate Professor
Pat White Professor
Jamie Nelson Dr. Sc

Keywords:

Neo-Keynesian Synthesis, Phillips Curve, Post-Pandemic Economics, Inflation-Unemployment Dynamics, Econometric Modeling, Global Supply Chain Disruptions, Monetary Policy, Cross-National Study, Macroeconomic Anomalies

Abstract

This paper critically examines the persistent applicability of the Phillips Curve within the Neo-Keynesian economic framework, particularly under post-pandemic conditions. Utilizing advanced econometric modeling and cross-national data, we scrutinize the curve's reliability in forecasting inflation-unemployment dynamics amidst global supply chain disruptions. The findings challenge traditional assumptions, proposing a recalibrated synthesis model that accounts for contemporary economic anomalies. These insights are pivotal for policymakers adapting monetary strategies to evolving macroeconomic environments.

Author Biographies

Taylor Rodriguez, PhD

PhD
Harvard University
Cambridge, MA 02138, USA

Jacob Edwards, Associate Professor

Associate Professor
London School of Economics
Houghton St, London WC2A 2AE, United Kingdom

Pat White, Professor

Professor
University of Sydney
Camperdown NSW 2006, Australia

Jamie Nelson, Dr. Sc

Dr. Sc
University of Toronto
27 King's College Cir, Toronto, ON M5S, Canada

References

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