Inflation Dynamics and the Great Recession

This paper examines inflation dynamics in the United States since 1960, with a particular focus on the Great Recession. A puzzle emerges when Phillips curves estimated over 1960-2007 are ussed to predice inflation over 2008-2010: inflation should have fallen by more than it did. We resolve this puzz...

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Mazumder, Sandeep, Ball, Laurence M
Format:	Buch
Sprache:	eng
Schlagworte:	Consumer Price Indexes Econometric models Economic Models Economic Recession Global Financial Crisis, 2008-2009 Great Recession Inflation (Finance) Inflation Rates Phillips Curve Price Adjustments Price Increases United States
Online-Zugang:	Volltext
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