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econ.GN2025
The Bones and Shapes of the Phillips Curve
Hanyuan Jiang
The COVID-19 pandemic reignited debate on the U.S. Phillips curve. Using MSA-level panel data (2001-2024), we employ a Two-Stage Least Squares (2SLS) instrumental variable strategy…
econ.GN2025
Construct to Commitment: The Effect of Narratives on Economic Growth
Hanyuan Jiang, Yi Man
We study how government-led narratives through mass media evolve from construct, a mechanism for framing expectations, into commitment, a sustainable pillar for growth. We propose…