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Inflation and Activity – Two Explorations and their Monetary Policy Implications

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NBER2015-11-01 更新2025-01-04 收录
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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
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2015-11-01
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