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...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Blanchard, Olivier
Beste egile batzuk: Cerutti, Eugenio, Summers, Lawrence
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2015.
Saila:IMF Working Papers; Working Paper ; No. 2015/230
Sarrera elektronikoa:Full text available on IMF