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
This paper examines the relationship between the output gap and inflation in Japan by estimating Phillips curves and testing for changes since the advent of low inflation and/or the stabilisation of the rate of change of inflation. The work provides empirical support for the hypothesis of a change i...
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| Formato: | Capítulo de libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Paris :
OECD Publishing
2004.
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| Colección: | OECD Economics Department Working Papers,
no.379. |
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| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009706245906719 |
