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
Authors:	Apel, Mikael ; Jansson, Per
Publisher:	Stockholm : Sveriges Riksbank
Subject:	Inflation \| NAIRU \| New economy \| Phillips curve \| Unobserved-components models

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Series:	Sveriges Riksbank Working Paper Series ; 109
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	877372403 [GVK] hdl:10419/82447 [Handle] RePEc:hhs:rbnkwp:0109 [RePEc]
Classification:	C32 - Time-Series Models ; E31 - Price Level; Inflation; Deflation
Source:	EconStor

Persistent link: https://www.econbiz.de/10010321308