Inflation and Activity – Two Explorations and their Monetary Policy Implications
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https://www.nber.org/papers/w21726
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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
提供机构:
美国国家经济研究局
创建时间:
2015-11-01



