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Keywords:

  • E3;
  • L16
  • New Keynesian;
  • price stickiness;
  • aggregate supply;
  • strategic complementarity;
  • industrial organization

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.