Are Prices Countercyclical? : Evidence From the G-7 /
This paper re-examines the cyclical behavior of prices using postwar quarterly data for the G-7. We confirm recent evidence that the price level is countercyclical. However, we find strong evidence that the inflation rate is procyclical in our sample. Our results show the importance of making a clea...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
1994.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1994/091 |
| On-line přístup: | Full text available on IMF |