United States : Selected Issues.
This Selected Issues paper on the United States explains the behavior of inflation and unemployment during 1997-98. The paper highlights that a simple Philips curve equation relating inflation to the unemployment gap has overpredicted inflation since 1993. The mean forecast error for 1994-97 is grea...
| Collectivité auteur: | |
|---|---|
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Collection: | IMF Staff Country Reports; Country Report ;
No. 1998/105 |
| Accès en ligne: | Full text available on IMF |