Explaining the Recent Behavior of Inflation and Unemployment in the United States /
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...
| Autor principal: | |
|---|---|
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1998.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 1998/145 |
| Acesso em linha: | Full text available on IMF |