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...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1998.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 1998/145 |
| 在线阅读: | Full text available on IMF |