Nominal Income and the Inflation-Growth Divide /

This paper deals with aggregate demand fluctuations and their price and output effects. Starting with a nominal income solution, a rule for determining the inflation and output growth effects is presented. Assigning alternative values to the key parameters of the suggested rule generates different c...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Chand, Sheetal
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 1997.
سلاسل:IMF Working Papers; Working Paper ; No. 1997/147
الوصول للمادة أونلاين:Full text available on IMF
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100 1 |a Chand, Sheetal. 
245 1 0 |a Nominal Income and the Inflation-Growth Divide /  |c Sheetal Chand. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1997. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper deals with aggregate demand fluctuations and their price and output effects. Starting with a nominal income solution, a rule for determining the inflation and output growth effects is presented. Assigning alternative values to the key parameters of the suggested rule generates different closure rules, such as the classical and the Keynesian and their modern counterparts. An application to major industrial country data indicates that the suggested rule is robust. Both inflation and output growth are affected by nominal shocks, but response patterns vary among the countries. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1997/147 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1997/147/001.1997.issue-147-en.xml  |z IMF e-Library