Pimco's Crescenzi Wonders if Phillips Curve Exists

The video discusses the significance of economic indicators, focusing on the Employment Cost Index and its recent weak performance. It highlights the market's reliance on this index despite its limitations. The video also delves into the debate over the Phillips curve, questioning its relevance in modern economics and exploring its historical context.

What is emphasized as more important than other statistics in the first section?

• Unemployment Rate

• Gross Domestic Product

• Consumer Price Index

• Employment Cost Index

What was the year-over-year growth rate of the Employment Cost Index mentioned in the first section?

• 2.9%

• 3.0%

• 2.4%

• 1.8%

What is the main concern of the bond market discussed in the second section?

• Currency exchange rates

• Wage figures

• Interest rates

• Stock prices

What economic theory is questioned in the final section?

• Monetarism

• Supply-Side Economics

• Keynesian Economics

• Phillips Curve

In which decades was the Phillips curve theory primarily developed?

• 1920s and 1930s

• 1950s and 1960s

• 1980s and 1990s

• 2000s and 2010s