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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Автор: Laxton, Douglas
Інші автори: Clark, Peter, Rose, David
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 1995.
Серія:IMF Working Papers; Working Paper ; No. 1995/076
Онлайн доступ:Full text available on IMF