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150128 ||| eng |
| 020 |
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|a 9781451856514
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| 100 |
1 |
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|a Hogan, Vincent
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| 245 |
0 |
0 |
|a Explaining the Recent Behavior of Inflation and Unemployment in the United States
|c Vincent Hogan
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1998
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| 300 |
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|a 17 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Inflation
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| 653 |
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|a Unemployment
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| 653 |
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|a Unemployment rate
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| 653 |
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|a Labor costs
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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 Price Level
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| 653 |
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|a Labor
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| 653 |
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|a Deflation
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| 653 |
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|a Prices
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| 653 |
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|a Prices, Business Fluctuations, and Cycles: Forecasting and Simulation
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Wages, Compensation, and Labor Costs: General
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| 653 |
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|a Labour
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| 653 |
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|a Income economics
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| 653 |
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|a Imports
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| 653 |
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|a Import prices
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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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| 028 |
5 |
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|a 10.5089/9781451856514.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/1998/145/001.1998.issue-145-en.xml?cid=2757-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a Low rates of inflation have been recorded in recent years, despite a decline in the unemployment rate. This phenomenon could be the result of a series of transitory shocks or of a permanent change in the structure of the economy leading to a lower NAIRU. The paper suggests that, while the NAIRU may have fallen slightly, it has not fallen by an amount sufficient to explain the recent behavior of inflation. A leading explanation for recent inflation performance appears to be favorable price shocks; in particular, the cost of imports has fallen sharply as the dollar has appreciated
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