Inflation Persistence, the NAIRU, and the Great Recession
Тип публикации: Journal Article
Дата публикации: 2014-05-01
scimago Q1
wos Q1
БС1
SJR: 25.102
CiteScore: 17.8
Impact factor: 11.6
ISSN: 00028282, 19447981
Economics and Econometrics
Краткое описание
The rate of inflation fell far less over the period 2007-2013 than in the period 1979-1985 despite similar large increases in the unemployment rate. This paper asks why. Possible explanations include a change in the persistence of inflation, changes in NAIRU, and other shocks. A change in the persistence of inflation, with inflation more anchored in the period 2007-2013 than in the period 1979-1985, is found to be important. The level and change in the NAIRU cannot be precisely estimated, but the data suggest an increase of nearly 1 percentage point since 2007.
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ГОСТ
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Watson M. W. Inflation Persistence, the NAIRU, and the Great Recession // American Economic Review. 2014. Vol. 104. No. 5. pp. 31-36.
ГОСТ со всеми авторами (до 50)
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Watson M. W. Inflation Persistence, the NAIRU, and the Great Recession // American Economic Review. 2014. Vol. 104. No. 5. pp. 31-36.
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RIS
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TY - JOUR
DO - 10.1257/aer.104.5.31
UR - https://doi.org/10.1257/aer.104.5.31
TI - Inflation Persistence, the NAIRU, and the Great Recession
T2 - American Economic Review
AU - Watson, Mark W.
PY - 2014
DA - 2014/05/01
PB - American Economic Association
SP - 31-36
IS - 5
VL - 104
SN - 0002-8282
SN - 1944-7981
ER -
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@article{2014_Watson,
author = {Mark W. Watson},
title = {Inflation Persistence, the NAIRU, and the Great Recession},
journal = {American Economic Review},
year = {2014},
volume = {104},
publisher = {American Economic Association},
month = {may},
url = {https://doi.org/10.1257/aer.104.5.31},
number = {5},
pages = {31--36},
doi = {10.1257/aer.104.5.31}
}
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MLA
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Watson, Mark W.. “Inflation Persistence, the NAIRU, and the Great Recession.” American Economic Review, vol. 104, no. 5, May. 2014, pp. 31-36. https://doi.org/10.1257/aer.104.5.31.