The Resource U.S. inflation dynamics : what drives them over different frequencies?, prepared by Ravi Balakrishnan and Sam Ouliaris

U.S. inflation dynamics : what drives them over different frequencies?, prepared by Ravi Balakrishnan and Sam Ouliaris

Label
U.S. inflation dynamics : what drives them over different frequencies?
Title
U.S. inflation dynamics
Title remainder
what drives them over different frequencies?
Statement of responsibility
prepared by Ravi Balakrishnan and Sam Ouliaris
Creator
Contributor
Author
Subject
Language
eng
Summary
This paper aims to improve the understanding of U.S. inflation dynamics by separating out structural from cyclical effects using frequency domain techniques. Most empirical studies of inflation dynamics do not distinguish between secular and cyclical movements, and we show that such a distinction is critical. In particular, we study traditional Phillips curve (TPC) and new Keynesian Phillips curve (NKPC) models of inflation, and conclude that the long-run secular decline in inflation cannot be explained in terms of changes in external trade and global factor markets. These variables tend to impact inflation primarily over the business cycle. We infer that the secular decline in inflation may well reflect improved monetary policy credibility and, thus, maintaining low inflation in the long run is closely linked to anchored inflation expectations
Member of
Action
digitized
Cataloging source
E7B
Government publication
international or intergovernmental publication
Index
no index present
LC call number
HG540
LC item number
.B35 2006eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/06/159
Label
U.S. inflation dynamics : what drives them over different frequencies?, prepared by Ravi Balakrishnan and Sam Ouliaris
Publication
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn698585663
Dimensions
unknown
Extent
1 online resource (25 pages)
Form of item
online
Isbn
9781283516518
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b35501431
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)698585663
  • imf1283516519
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

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      -38.195656 144.304955
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