The inflation/output variability trade-off: further evidence
The trade-off between the variability of inflation and that of output is estimated for the UK, using several different approaches to obtain the output gap, and then for a range of other countries; in all cases the trade-off retains the 'sharp turning point' found for the UK and US by other authors.
Volume (Year): 11 (2004)
Issue (Month): 6 ()
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