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...

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Bibliografski detalji
Glavni autor: Laxton, Douglas
Daljnji autori: Clark, Peter, Rose, David
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1995.
Serija:IMF Working Papers; Working Paper ; No. 1995/076
Online pristup:Full text available on IMF