The behaviour of inflation and unemployment in the United States

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Show simple item record Hogan, Vincent (Vincent Peter) 2008-07-11T10:50:34Z 2008-07-11T10:50:34Z 2000-06
dc.identifier.other 200016 en
dc.description.abstract Low rates of inflation have been recorded in the United States 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 behaviour of inflation. The main explanation for recent inflation performance appears to be that there have been favorable price shocks; in particular, the cost of imports has fallen sharply as the dollar has appreciated. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin, School of Economics en
dc.relation.ispartofseries UCD Centre For Economic Research Working Paper Series en
dc.relation.ispartofseries WP00/16 en
dc.subject Inflation en
dc.subject Philips Curve en
dc.subject.lcsh Natural rate of unemployment--United States en
dc.subject.lcsh Inflation (Finance)--United States en
dc.subject.lcsh Phillips curve en
dc.title The behaviour of inflation and unemployment in the United States en
dc.type Working Paper en
dc.internal.authorurl Vincent Hogan (web page) en
dc.internal.authorurl en
dc.internal.authorcontactother Email:; Tel: +353 1 716 8300 en
dc.internal.authorid UCD0011 en
dc.internal.availability Full text available en
dc.internal.webversions en
dc.status Not peer reviewed en
dc.neeo.contributor Hogan|Vincent (Vincent Peter)|aut|UCD0011

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