Smets, Frank (contributor); Wouters, Rafael (contributor) - 2007
explain the cross-correlation between output and inflation? What are the effects of productivity on hours worked? What are the …? 24
6.2 Determinants of inflation and the
output-inflation cross correlation? 25
6.3 The effect of a productivity … shock
on hours worked 27
6.4 The “Great Inflation” and the
“Great Moderation”: sub-sample estimates 28
7. Concluding …