The inflation/output variability trade-off: further evidence

D Cobham, P Macmillan, D G Mcmillan

    Research output: Contribution to journalArticlepeer-review

    3 Citations (Scopus)

    Abstract

    The trade-off between the variability of inflation and that of output is estimated for the UK, using several different approaches to obtain the output gap, and then for a range of other countries; in all cases the trade-off retains the 'sharp turning point' found for the UK and US by other authors.

    Original languageEnglish
    Pages (from-to)347-350
    Number of pages4
    JournalApplied Economics Letters
    Volume11
    Issue number6
    DOIs
    Publication statusPublished - 15 May 2004

    Keywords

    • TIME-SERIES
    • MONETARY-POLICY
    • BUSINESS-CYCLE
    • VARIANCE

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