Does global slack matter more than domestic slack in determining U.S. inflation?

This paper employs a structural model to estimate whether global output gap has become an important determinant of U.S. inflation dynamics. The results provide support for the relevance of global slack as a determinant of U.S. inflation after 1985.

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Year of publication:	2009
Authors:	Milani, Fabio
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 102.2009, 3, p. 147-151
Publisher:	Elsevier
Keywords:	Globalization Global slack Inflation dynamics Phillips curve Bayesian estimation

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005257685