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Flattening of the Phillips Curve - Implications for Monetary Policy (Electronic book text)
Flattening of the Phillips Curve - Implications for Monetary Policy (Electronic book text): Dora M M Iakova
Flattening of the Phillips Curve - Implications for Monetary Policy (Electronic book text): Dora M M Iakova

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Flattening of the Phillips Curve - Implications for Monetary Policy (Electronic book text)

Dora M M Iakova

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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.

General

Imprint: Not Avail
Country of origin: United States
Release date: April 2007
Authors: Dora M M Iakova
Format: Electronic book text
Pages: 21
ISBN-13: 978-6613824462
Barcode: 9786613824462
Categories: Books
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LSN: 6613824461

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