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150128 ||| eng |
020 |
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|a 9781451851472
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100 |
1 |
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|a Prasad, Eswar
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245 |
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|a Are Prices Countercyclical? Evidence From the G-7
|c Eswar Prasad, Bankim Chadha
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1994
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300 |
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|a 28 pages
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651 |
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4 |
|a United States
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653 |
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|a Labor
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653 |
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|a Prices
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653 |
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|a Business cycles
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653 |
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|a Unemployment: Models, Duration, Incidence, and Job Search
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653 |
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|a Economic growth
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653 |
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|a Business Fluctuations
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653 |
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|a Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
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653 |
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|a Labour
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653 |
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|a Unemployment
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653 |
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|a Income economics
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653 |
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|a Unemployment rate
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653 |
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|a Inflation
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653 |
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|a Macroeconomics
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653 |
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|a Cycles
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653 |
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|a Cyclical unemployment
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653 |
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|a Deflation
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653 |
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|a Price Level
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700 |
1 |
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|a Chadha, Bankim
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
0 |
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|a IMF Working Papers
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/1994/091/001.1994.issue-091-en.xml?cid=1256-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
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|a 330
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520 |
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|a This paper re-examines the cyclical behavior of prices using postwar quarterly data for the G-7. We confirm recent evidence that the price level is countercyclical. However, we find strong evidence that the inflation rate is procyclical in our sample. Our results show the importance of making a clear distinction between inflation and the cyclical component of the price level when reporting and interpreting stylized facts regarding business cycles
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