IDEAS home Printed from https://ideas.repec.org/a/oup/oxecpp/v69y2017i3p612-631..html
   My bibliography  Save this article

Inflation during times of economic slack and deleveraging: a panel data analysis

Author

Listed:
  • Selien De Schryder

Abstract

Historically, persistent and pronounced economic downturns gave rise to notable falls in the level of inflation but these falls are not observed in the immediate aftermath of the global financial crisis of 2008–2009. This paper analyses inflation dynamics in a cross-country Phillips curve framework while considering credit evolutions and periods of financial stress and documents a flattening of the Phillips curve during economic slack.

Suggested Citation

  • Selien De Schryder, 2017. "Inflation during times of economic slack and deleveraging: a panel data analysis," Oxford Economic Papers, Oxford University Press, vol. 69(3), pages 612-631.
    • Handle: RePEc:oup:oxecpp:v:69:y:2017:i:3:p:612-631.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/oep/gpw061
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    E31; E32; E51.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:69:y:2017:i:3:p:612-631.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/oep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.