It appears JavaScript is currently blocked

Check your browser settings and network. This website requires JavaScript for some content and functionality.

Skip to content

Reserve Bank of Australia

What are you looking for?

Monetary Policy
Market Operations
Payments & Infrastructure
Financial Stability
Banknotes
Financial Services
About Us

Media Releases
Speeches
Publications
Statistics
Chart Pack
Research
Archives
Education
Careers
Q&A

In RDP

About RDPs
Advanced Search for RDPs
2021–2023
2011–2020
2001–2010
1991–2000
1981–1990
1971–1980
1969–1970

Tags

asset quality, balance sheet, banking, banknotes, bonds, business, business cycle, capital, cash rate, central clearing, china, climate change, commercial property, commodities, consumption, COVID-19, credit, cryptocurrency, currency, digital currency, debt, education, emerging markets, exchange rate, export, fees, finance, financial markets, financial stability, First Nations, fiscal policy, forecasting, funding, global economy, global financial crisis, history, households, housing, income and wealth, inflation, insolvency, insurance, interest rates, international, investment, labour market, lending standards, liquidity, machine learning, macroprudential policy, mining, modelling, monetary policy, money, open economy, payments, productivity, rba survey, regulation, resources sector, retail, risk and uncertainty, saving, securities, services sector, technology, terms of trade, trade, wages

In 2008

RDP 2008-10: Solving Linear Rational Expectations Models with Predictable Structural Changes
RDP 2008-09: A Term Structure Decomposition of the Australian Yield Curve
RDP 2008-08: The Role of International Shocks in Australia's Business Cycle
RDP 2008-07: A Medium-scale Open Economy Model of Australia
RDP 2008-06: Promoting Liquidity: Why and How?
RDP 2008-05: Understanding the Flattening Phillips Curve
RDP 2008-04: A Small BVAR-DSGE Model for Forecasting the Australian Economy
RDP 2008-03: Monetary Transmission and the Yield Curve in a Small Open Economy
RDP 2008-02: Combining Multivariate Density Forecasts Using Predictive Criteria
RDP 2008-01: A Sectoral Model of the Australian Economy

Research Discussion Paper – RDP 2008-05 Understanding the Flattening Phillips Curve

Ken Kuttner and Tim Robinson

October 2008

Abstract
Download the Paper 318KB

Contents

Introduction
Reduced-form Flattening
A Structural Perspective on the Flattening Issue
Has the New-Keynesian Phillips Curve become Flatter?
Explaining the Flattening Phenomenon
Conclusions
References

Related Information

RDP Enquiries
Subscribe to RDP updates

↑ Back to top

Sign up for email alerts

Subscribe

Follow us

Facebook
Twitter
LinkedIn
YouTube
Instagram
Flickr

Affiliate sites

Banknotes
Unreserved
Museum
Council of Financial Regulators
Australian Foreign Exchange Committee
H.C. Coombs Centre

The Reserve Bank of Australia supports the Foundation for Children.

The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the Copyright and Disclaimer Notice. © Reserve Bank of Australia, 2001–2023. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land, and recognises their continuing connection to country. We pay our respects to their Elders, past and present.

References

For Media
Judicial Notice
Privacy
Accessibility
Procurement
Glossary
Contact Us

Report a Vulnerability
Scams
Public Interest Disclosure
Access to Information