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...
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 2015/230 |
| Acesso em linha: | Full text available on IMF |