Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
I survey the recent literature on the Phillips curve. Along the way, I will try to relate this literature to topics of interest to industrial organization. I will also point out the gaps in our understanding and places where more careful micro‐economic analysis would be helpful to macroeconomists. In the conclusion, I summarize what an industrial organization economist might take away from this literature.