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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Detaylı Bibliyografya
Yazar: Blanchard, Olivier
Diğer Yazarlar: Cerutti, Eugenio, Summers, Lawrence
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2015.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2015/230
Online Erişim:Full text available on IMF