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AALejournalIMF002012 |
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|c 5.00 USD
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|z 9781451851076
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Prasad, Eswar.
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|a Are Prices Countercyclical? /
|c Eswar Prasad, Bankim Chadha.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1992.
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|a 1 online resource (37 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 This paper examines the comovement of prices with the cyclical component of output. It argues that determining the cyclical behavior of prices by applying the same stationarity-inducing transformation to the levels of both output and prices, and examining the correlations of the resulting series, can be misleading. A more appropriate procedure is to examine the correlations between the rate of inflation and the level of the cyclical component of output. In post-war U.S. data the correlations between similarly transformed price and output data are consistently and often strongly negative, as reported recently by a number of authors as evidence of countercyclical price behavior. The rate of inflation, however, is consistently and usually strongly positively correlated with various measures of the cyclical component of output.
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|a Mode of access: Internet
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|a Aggregate Demand
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|a Aggregate Price Level
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|a Price Movement
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|a Rate Of Inflation
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|a WP
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|a United States
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|a Chadha, Bankim.
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|a IMF Working Papers; Working Paper ;
|v No. 1992/088
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1992/088/001.1992.issue-088-en.xml
|z IMF e-Library
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