Turner, David; Chalaux, Thomas; Guillemette, Yvan; … - 2019
of OECD countries, but the magnitude of the effect is typically weak. A corollary is that the effect of labour market …-shooting of inflation has led to some de-anchoring of expectations from the target, especially in the euro area. For most OECD … countries, a measure of the global output gap is both statistically significant and strongly preferred to a domestic gap measure …