An Alternative Interpretation of the Recent U.S. Inflation Performance

An approach to decomposing and interpreting the inflation process is proposed. It suggests that the low U.S. inflation rate in recent years reflects a structural development, but that the low levels of unemployment may be a mainly cyclical phenomenon.

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Year of publication:	2000-06-01
Authors:	Apel, Mikael ; Jansson, Per
Institutions:	Sveriges Riksbank
Subject:	Inflation \| NAIRU \| New economy \| Phillips curve \| Unobserved-components models

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Series Number 109 12 pages
Classification:	C32 - Time-Series Models ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005190795