Asymmetric Effects of Economic Activityon Inflation : Evidence and Policy Implications /

This paper examines the evidence on asymmetries in the effects of activity on inflation. Data for the G-7 countries are found to strongly support the view that the inflation-activity relationship is nonlinear, with high levels of activity raising inflation by more than low levels decrease it. In the...

Volledige beschrijving

Bibliografische gegevens
Hoofdauteur: Laxton, Douglas
Andere auteurs: Meredith, Guy, Rose, David
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 1994.
Reeks:IMF Working Papers; Working Paper ; No. 1994/139
Online toegang:Full text available on IMF