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Macro by Mark

Global Economic Data, Empirical Models, and Macro Theory
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Public data from government agencies and multilateral statistical releases, anchored in official sources

© 2026 Mark Jayson Nation

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Theory-Based Models

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New Keynesian Phillips Curve
Model

A forward-looking Phillips Curve derived from Calvo pricing, linking current inflation to expected future inflation and the output gap.

How does expected future inflation and the real marginal cost channel shape current price-setting behavior?

Composition

pipipi
Inflation

Current-period inflation rate.

ygapy_gapyg​ap
Output gap

Deviation of real output from its natural (flexibl...

piepi_epie​
Expected inflation

Rational expectation of next-period inflation form...

GraphProofCompare

Short Run Equilibrium

Inflation

1.98

Output gap

0.00

Expected inflation

2.00