The Possible Unemployment Cost of Average Inflation below a Credible Target
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If inflation expectations become firmly anchored at the inflation target even when average inflation deviates from the target, the long-run Phillips curve becomes non-vertical. During 1997-2011, average inflation expectations in Sweden have been close to the inflation target of 2 percent, whereas
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美国国家经济研究局创建时间：
2013-09-01
