Asymmetry in the U.S. Output-Inflation Nexus : Issues and Evidence /

This paper presents empirical evidence supporting the proposition that there is a significant asymmetry in the U.S. output-inflation process, which implies that excess demand conditions are much more inflationary than excess supply conditions are disinflationary. The important policy implication of...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Laxton, Douglas
مؤلفون آخرون: Clark, Peter, Rose, David
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 1995.
سلاسل:IMF Working Papers; Working Paper ; No. 1995/076
الوصول للمادة أونلاين:Full text available on IMF