Does global slack matter more than domestic slack in determining U.S. inflation?
نویسنده
چکیده
Article history: This paper employs a struc Received 1 December 2007 Received in revised form 21 November 2008 Accepted 22 November 2008 Available online 7 December 2008
منابع مشابه
Globalisation and inflation: New cross-country evidence on the global determinants of domestic inflation, May 2007
There has been mounting evidence that the inflation process has been changing. Inflation is now much lower and much more stable around the globe. And its sensitivity to measures of economic slack and increases in input costs appears to have declined. Probably the most widely supported explanation for this phenomenon is that monetary policy has been much more effective. There is no doubt in our ...
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