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.
|Country of origin:
Dora M M Iakova
||Electronic book text
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!