Verfügbarkeit: Flattening of the Phillips Curve

Flattening of the Phillips Curve: Implications for Monetary Policy

Over the past decade, inflation has become less responsive to domestic demand pressures in many industrial countries. This development has been attributed, in part, to globalization forces. A small macroeconomic model, estimated on UK data using Bayesian estimation, is used to analyze the monetary p...

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1. Verfasser:	Iakova, Dora M. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2007
Schriftenreihe:	IMF Working Papers Working Paper No. 07/76
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Over the past decade, inflation has become less responsive to domestic demand pressures in many industrial countries. This development has been attributed, in part, to globalization forces. A small macroeconomic model, estimated on UK data using Bayesian estimation, is used to analyze the monetary policy implications of this structural change. The focus is on the implications of a globalization-related flattening of the Phillips curve for the trade-off between inflation and output gap variability and for the efficient monetary policy response rule
Beschreibung:	1 Online-Ressource (19 p)
ISBN:	1451866402 9781451866407

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spelling	Iakova, Dora M. Verfasser aut Flattening of the Phillips Curve Implications for Monetary Policy Iakova, Dora M Washington, D.C International Monetary Fund 2007 1 Online-Ressource (19 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/76 Over the past decade, inflation has become less responsive to domestic demand pressures in many industrial countries. This development has been attributed, in part, to globalization forces. A small macroeconomic model, estimated on UK data using Bayesian estimation, is used to analyze the monetary policy implications of this structural change. The focus is on the implications of a globalization-related flattening of the Phillips curve for the trade-off between inflation and output gap variability and for the efficient monetary policy response rule Online-Ausg http://elibrary.imf.org/view/IMF001/02560-9781451866407/02560-9781451866407/02560-9781451866407.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Iakova, Dora M. Flattening of the Phillips Curve Implications for Monetary Policy
title	Flattening of the Phillips Curve Implications for Monetary Policy
title_auth	Flattening of the Phillips Curve Implications for Monetary Policy
title_exact_search	Flattening of the Phillips Curve Implications for Monetary Policy
title_exact_search_txtP	Flattening of the Phillips Curve Implications for Monetary Policy
title_full	Flattening of the Phillips Curve Implications for Monetary Policy Iakova, Dora M
title_fullStr	Flattening of the Phillips Curve Implications for Monetary Policy Iakova, Dora M
title_full_unstemmed	Flattening of the Phillips Curve Implications for Monetary Policy Iakova, Dora M
title_short	Flattening of the Phillips Curve
title_sort	flattening of the phillips curve implications for monetary policy
title_sub	Implications for Monetary Policy
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