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|z 9781451856514
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|a 1018-5941
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|a BD-DhAAL
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|a Hogan, Vincent.
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|a Explaining the Recent Behavior of Inflation and Unemployment in the United States /
|c Vincent Hogan.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1998.
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|a 1 online resource (17 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Low rates of inflation have been recorded in recent years, despite a decline in the unemployment rate. This phenomenon could be the result of a series of transitory shocks or of a permanent change in the structure of the economy leading to a lower NAIRU. The paper suggests that, while the NAIRU may have fallen slightly, it has not fallen by an amount sufficient to explain the recent behavior of inflation. A leading explanation for recent inflation performance appears to be favorable price shocks; in particular, the cost of imports has fallen sharply as the dollar has appreciated.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1998/145
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1998/145/001.1998.issue-145-en.xml
|z IMF e-Library
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