Thank you very much for your attention, and I wish you an interesting and productive conference. 1. Sims, C. A. (2012), “Statistical modeling of monetary policy and its effects”, American Economic Review, Vol. 102, No 4, pp. 1187-1205. 2. There are studies suggesting that the slope of the structural Phillips curve may be steeper. See Hazell, J. et al.
(2020), “The Slope of the Phillips Curve: Evidence from U.S. States”, NBER Working Papers, No 28005, National Bureau of Economic Research; McLeay, M. and Tenreyro, S. (2020), “Optimal Inflation and the Identification of the Phillips Curve,” in Eichenbaum, M.S., Hurst, E. and Parker, J.A., NBER Macroeconomics Annual 2019, Volume 34, National Bureau of Economic Research; and Jørgensen, P. and Lansing, K. (2022), “Anchored Inflation Expectations and the Slope of the Phillips Curve”, Working Paper Series, No 2019-27, Federal Reserve Bank of San Francisco.