Output and Inflation Co-movement

An Update on Business-Cycle Stylized Facts

Output and Inflation Co-movement
What are the drivers of business cycle fluctuations? And how many are there? By documenting strong and predictable co-movement of real variables during the business cycle in a sample of advanced economies, we argue that most business cycle fluctuations are driven by one major factor. The positive co-movement of real output and inflation... READ MORE...

Publication date: December 2016
ISBN 9781475560329
$18.00

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