|
|
|
|
| LEADER |
01651cas a2200253 a 4500 |
| 001 |
AALejournalIMF013581 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781484334720
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Matheson, Troy.
|
| 245 |
1 |
4 |
|a The Great Recession and the Inflation Puzzle /
|c Troy Matheson, Emil Stavrev.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2013.
|
| 300 |
|
|
|a 1 online resource (12 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been remarkably stable. We find that a traditional Phillips curve describes the behavior of inflation reasonably well since the 1960s. Using a non-linear Kalman filter that allows for time-varying parameters, we find that three factors have contributed to the observed stability of inflation: inflation expectations have become better anchored and to a lower level; the slope of the Phillips curve has flattened; and the importance of import-price inflation has increased.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Stavrev, Emil.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2013/124
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2013/124/001.2013.issue-124-en.xml
|z IMF e-Library
|