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The relationship between inflation and real GDP growth is one of the most widely researched topics in macroeconomics …, given the fact that low inflation in combination with high and sustained output growth should be the central objective of … banks all over the world have selected target levels for inflation and communicated them to the public. Against this …
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The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining … persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion …
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The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining … persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion …
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where inflation converges to the FOMC's two percent target. It is applicable to any country with an inflation targeting …
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problem as insufficient demand, when it is actually a supply problem. We do this in a real model, in which inflation is not an …
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