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|c 5.00 USD
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|z 9781451866407
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Iakova, Dora.
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|a Flattening of the Phillips Curve :
|b Implications for Monetary Policy /
|c Dora Iakova.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2007.
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|a 1 online resource (19 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 Over the past decade, inflation has become less responsive to domestic demand pressures in many industrial countries. This development has been attributed, in part, to globalization forces. A small macroeconomic model, estimated on UK data using Bayesian estimation, is used to analyze the monetary policy implications of this structural change. The focus is on the implications of a globalization-related flattening of the Phillips curve for the trade-off between inflation and output gap variability and for the efficient monetary policy response rule.
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|a Mode of access: Internet
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|a Efficient Monetary Policy Rules
|2 imf
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|a Globalization
|2 imf
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|a Inflation Expectation
|2 imf
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|a Phillips Curve
|2 imf
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|a WP
|2 imf
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|a United Kingdom
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|a IMF Working Papers; Working Paper ;
|v No. 2007/076
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2007/076/001.2007.issue-076-en.xml
|z IMF e-Library
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