Dungey, Mardi; Pitchford, John - In: The Economic Record 76 (2000) 235, pp. 386-400
This paper considers the existence of a path of GDP corresponding to steady inflation in the prices of domestic goods. We estimate the steady inflation rate of growth, denoted the SIRG, at a little over 4 per cent p.a. in the post-float period in Australia. Changes in inflation are modelled as a...