The Great Recession and the Inflation Puzzle /
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 tim...
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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
2013.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2013/124 |
| Online adgang: | Full text available on IMF |