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Inflation and Activity - Two Explorations and their Monetary Policy Implications [electronic resource] / Olivier J Blanchard.

Author/Creator:
Blanchard, Olivier J.
Publication:
Washington, D.C. : International Monetary Fund, 2015.
Series:
IMF eLibrary
IMF Working Papers; Working Paper ; No. 15/230
IMF Working Papers; Working Paper ; No. 15/230
Format/Description:
Government document
Book
1 online resource (29 p.)
Summary:
We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past
Notes:
Part of the IMF eLibrary collection.
Description based on print version record.
Contributor:
Blanchard, Olivier J.
Cerutti, Eugenio.
Summers, Lawrence.
Other format:
Print Version: Blanchard, Olivier J. Inflation and Activity - Two Explorations and their Monetary Policy Implications
ISBN:
1513536613
9781513536613
ISSN:
1018-5941
Publisher Number:
10.5089/9781513536613.001 doi
Access Restriction:
Restricted for use by site license.
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