The Great Recession and the Inflation Puzzle is popular PDF and ePub book, written by Mr.Troy Matheson in 2013-05-22, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Great Recession and the Inflation Puzzle can be Read Online from any device for your convenience.
The Great Recession and the Inflation Puzzle Book PDF Summary
Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been remarkably stable. We find that a traditional Phillips curve describes the behavior of inflation reasonably well since the 1960s. Using a non-linear Kalman filter that allows for time-varying parameters, we find that three factors have contributed to the observed stability of inflation: inflation expectations have become better anchored and to a lower level; the slope of the Phillips curve has flattened; and the importance of import-price inflation has increased.
Detail Book of The Great Recession and the Inflation Puzzle PDF
- Author : Mr.Troy Matheson
- Release : 22 May 2013
- Publisher : International Monetary Fund
- ISBN : 9781484334720
- Genre : Business & Economics
- Total Page : 12 pages
- Language : English
- PDF File Size : 7,6 Mb
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