Speaker:Wang Yiru, Assistant Professor (Department of Economics, University of Pittsburgh)

Host:Xie Mingjia, Assistant Professor (Li Anmin Economic Research Institute, Liaoning University)

Guest Introduction:Mao Minghai, Assistant Professor (Li Anmin Economic Research Institute, Liaoning University)

Time:September 25, 2024 (Wednesday) 10:00 – 11:30 (Beijing Time)

Location:Conference Room 1, Wuzhou Garden, 1st Floor, Chongshan Campus, Liaoning University

Online Address:Tencent Meeting 358-6417-4104

Language:Chinese/English

Abstract:In this paper, we examine the regional trade-off between inflation and unemployment using a state-level dataset. Our analysis delves into both the reduced-form correlation and the structural Phillips curve with a state-level panel dataset. By applying a data-driven classification method, we account for potential nonlinearities and explore unobserved heterogeneity across states. Our findings underscore the presence of these nonlinearities and group patterns, highlighting that the flattening and return of the Phillips curve are regional and sporadic.

Speaker Introduction:

Wang Yiru, Assistant Professor, graduated from Pompeu Fabra University in Spain with a Ph.D. in Economics. He is currently an Assistant Professor in the Department of Economics at the University of Pittsburgh. His main research areas include econometrics, time series, macroeconometrics, empirical macroeconomics, and panel data. His research has been published in top international economics journals, such as the Journal of Econometrics and Stata Journal. He has been invited to present at various academic institutions multiple times.