I Trashed the Economy When I Was Head of the Fed
bloomberg.com
bloomberg.com
The Curve was dead in the 1970s and through the 1990s:
https://mises.org/library/phillips-curve
And still dead:
http://www.economonitor.com/dolanecon/2014/05/12/what-ever-h...
I just wish it would die completely.
I went to UC Berkeley and went though almost an entire minor in econ but now work in financial technology and developing trading systems and strategies, everything from statistical arbitrage to macro- and micro-economic news events to options.
I buy the story on the Phillips curve (not only attacks by the Austrials, but pretty much everybody except Keynsians) because the data against it is just really good. When I was in school I bought into the theory, but since then I've been convinced pretty heavily that the correlation only exists because of policy actions and the causation definitely doesn't exist. I used to have some correspondence with a former Reagan adviser (a Democrat) that was really quite persuasive.