Flattening of the Phillips Curve : Implications for Monetary Policy /
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 p...
| Auteur principal: | |
|---|---|
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2007.
|
| Collection: | IMF Working Papers; Working Paper ;
No. 2007/076 |
| Sujets: | |
| Accès en ligne: | Full text available on IMF |