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...
מחבר ראשי: | |
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פורמט: | כתב-עת |
שפה: | English |
יצא לאור: |
Washington, D.C. :
International Monetary Fund,
1998.
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סדרה: | IMF Working Papers; Working Paper ;
No. 1998/145 |
גישה מקוונת: | Full text available on IMF |