Inflation and Activity : Two Explorations and their Monetary Policy Implications /

Inflation and Activity : Two Explorations and their Monetary Policy Implications /

We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and activ...

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Bibliografiske detaljer
Hovedforfatter:	Blanchard, Olivier
Andre forfattere:	Cerutti, Eugenio, Summers, Lawrence
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2015.
Serier:	IMF Working Papers; Working Paper ; No. 2015/230
Online adgang:	Full text available on IMF

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