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Persistent link: https://www.econbiz.de/10001974266
We study the duration of monetary regimes in a simple neo-classical Phillips curve model. The model is an extension of Owyang (2001) and Owyang and Ramey (2001). In this paper, we consider the role of the duration of inflationary regimes on the average inflation rate in an international...
Persistent link: https://www.econbiz.de/10005360589