Understanding Euro Area Inflation Dynamics : Why So Low for So Long? /
Despite closing output gaps and tightening labor markets, inflation has remained low in the euro area. Based on an augmented Phillips Curve framework, we find that this phenomenon-sometimes attributed to low global inflation-has been primarily caused by a remarkable persistence of inflation, keeping...
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| Tác giả khác: | , |
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2018.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2018/188 |
| Truy cập trực tuyến: | Full text available on IMF |