| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5059696 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠We study the impact of financial crises on inflation in OECD countries. ⺠We estimate stylized Phillips curves using panel data regressions. ⺠Inflation is more responsive to growth after crises compared to non-crisis downturns. ⺠Our results suggest that financial crises lead to impairment in productive potential. ⺠Policy might need to be tightened more aggressively during the recovery phase.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Mohan Bijapur,