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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| Kolejni autorzy: | , |
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2015/230 |
| Dostęp online: | Full text available on IMF |