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Persistent link: https://www.econbiz.de/10000870636

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The effect of official interest rate changes on market rates since 1987

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Investigating the structural stability of the Phillips curve relationship

Groen, Jan J. J. (contributor); Mumtaz, Haroon (contributor) - 2008

The reduced-form correlation between inflation and measures of real activity has changed substantially for the main developed economies over the post-WWII period. In this paper we attempt to describe the observed inflation dynamics in the United Kingdom, the United States and the euro area with...

Persistent link: https://www.econbiz.de/10003883882