. Using data for four major economies, namely the USA, the UK, the Euro Area, and Japan, we allow for nonlinearity and … USA and the UK compared to Japan and the Euro Area. In addition, the adjustment of the general price level is … bietet aus einem neuen Blickwinkel. Basierend auf Daten für die USA, Großbritannien, die Eurozone und Japan unterscheiden wir …

for assessing this balance and applies it to four OECD economic areas: the euro area, Japan, the United Kingdom and the … the euro area and Japan. In the United Kingdom, the assessment is less clear cut. …