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Does global slack matter more than domestic slack in determining U.S. inflation?

Article ID Journal Published Year Pages File Type
5061792 Economics Letters 2009 5 Pages PDF
Abstract

This paper employs a structural model to estimate whether global output gap has become an important determinant of U.S. inflation dynamics.The results provide support for the relevance of global slack as a determinant of U.S. inflation after 1985.

Keywords
E58E52F41E31E50Bayesian estimationGlobalizationPhillips curveInflation dynamics
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Does global slack matter more than domestic slack in determining U.S. inflation?
Authors
Fabio Milani,
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Journal
Economics Letters
Journal: Economics Letters
Related Categories
E58
E52
F41
E31
E50
Bayesian estimation
Globalization
Phillips curve
Inflation dynamics
Economics and Econometrics
Economics, Econometrics and Finance (General)
Finance
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