The inflation/output variability trade-off: further evidence

D  Cobham; P  Macmillan; D G  Mcmillan

doi:10.1080/1350485042000228178

The inflation/output variability trade-off: further evidence

D Cobham, P Macmillan, D G Mcmillan

Research output: Contribution to journal › Article › peer-review

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 language	English
Pages (from-to)	347-350
Number of pages	4
Journal	Applied Economics Letters
Volume	11
Issue number	6
DOIs	https://doi.org/10.1080/1350485042000228178
Publication status	Published - 15 May 2004

Keywords

TIME-SERIES
MONETARY-POLICY
BUSINESS-CYCLE
VARIANCE

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title = "The inflation/output variability trade-off: further evidence",

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.",

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AB - 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.

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KW - VARIANCE

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The inflation/output variability trade-off: further evidence

Abstract

Keywords

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