Cukierman, Alex; Lippi, Francesco - Centro di Studi Internazionali Sull'Economia e la … - 2003
in output and inflation are due to changes in potential output or to cyclical demand and cost shocks. We refer to this … information benchmark. This provides a partial but unified explanation for the inflation of the seventies and the price stability …, during and following periods of large changes in potential output, the IP significantly affects the dynamics of inflation and …