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Is There a Change in the Trade-Off Between Output and Inflation at Low or Stable Inflation Rates? : Some Evidence in the Case of Japan

Mourougane, Annabelle - 2004

This paper examines the relationship between the output gap and inflation in Japan by estimating Phillips curves and … low inflation for Japan. In particular, there is evidence that the slope of the Phillips curve becomes flatter when the … between demand pressures and inflation in Japan since the beginning of the 1990s. Evidence is also found that the relationship …

Persistent link: https://www.econbiz.de/10012444474

Rules-based monetary policy and the threat of indeterminacy when trend inflation is low

Khan, Hashmat; Phaneuf, Louis; Victor, Jean Gardy - In: Journal of monetary economics 114 (2020), pp. 317-333

Persistent link: https://www.econbiz.de/10012494962

Potential Output, Output Gap and High Inflation in Argentina (2007–2015)

Campos, Luciano - 2020

I investigate the causes of the high inflation Argentina experienced from 2007 to 2015. To do so, I estimate the potential output and the output gap using the Blanchard-Quah decomposition for this country and compare it to the estimations I obtained for other economies in the region were...

Persistent link: https://www.econbiz.de/10012835593

Potential output, output gap and high inflation in Argentina (2007-2015)

Campos, Luciano - In: Estudios de economía 47 (2020) 1, pp. 5-29

I investigate the causes of the high inflation Argentina experienced from 2007 to 2015. To do so, I estimate the potential output and the output gap using the Blanchard-Quah decomposition for this country and compare it to the estima- tions I obtained for other economies in the region were...

Persistent link: https://www.econbiz.de/10012268188

Still Minding the Gap : Inflation Dynamics During Episodes of Persistent Large Output Gaps

Meier, André - 2010

This paper studies inflation dynamics during 25 historical episodes in advanced economies where output remained well below potential for an extended period. We find that such episodes generally brought about significant disinflation, underpinned by weak labor markets, slowing wage growth, and,...