Still Minding the Gap—Inflation Dynamics during Episodes of Persistent Large Output Gaps

Still Minding the Gap—Inflation Dynamics during Episodes of Persistent Large Output Gaps
This paper studies inflation dynamics during 25 historical episodes in advanced economies where output remained well below potential for an extended period. We find that such episodes generally brought about significant disinflation, underpinned by weak labor markets, slowing wage growth, and, in many cases, falling oil prices. Indeed, inflation READ MORE...

Publication date: August 2010
ISBN 9781455202232
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: August 2010

PDF

Publication date: August 2010

ePub

Publication date: August 2010

Mobi

Publication date: August 2010

English