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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Watson, Mark W. | - |
| dc.date.accessioned | 2020-04-06T18:36:03Z | - |
| dc.date.available | 2020-04-06T18:36:03Z | - |
| dc.date.issued | 2014-05 | en_US |
| dc.identifier.citation | Watson, Mark W. (2014). Inflation Persistence, the NAIRU, and the Great Recession. American Economic Review, 104 (5), 31 - 36. doi:10.1257/aer.104.5.31 | en_US |
| dc.identifier.issn | 0002-8282 | - |
| dc.identifier.uri | http://arks.princeton.edu/ark:/88435/pr1xj6k | - |
| dc.description.abstract | The rate of inflation fell far less over the period 2007-2013 than in the period 1979-1985 despite similar large increases in the unemployment rate. This paper asks why. Possible explanations include a change in the persistence of inflation, changes in NAIRU, and other shocks. A change in the persistence of inflation, with inflation more anchored in the period 2007-2013 than in the period 1979-1985, is found to be important. The level and change in the NAIRU cannot be precisely estimated, but the data suggest an increase of nearly 1 percentage point since 2007. | en_US |
| dc.format.extent | 31 - 36 | en_US |
| dc.language.iso | en_US | en_US |
| dc.relation.ispartof | American Economic Review | en_US |
| dc.rights | Final published version. Article is made available in OAR by the publisher's permission or policy. | en_US |
| dc.title | Inflation Persistence, the NAIRU, and the Great Recession | en_US |
| dc.type | Journal Article | en_US |
| dc.identifier.doi | doi:10.1257/aer.104.5.31 | - |
| pu.type.symplectic | http://www.symplectic.co.uk/publications/atom-terms/1.0/journal-article | en_US |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| aer.104.5.31.pdf | 945.93 kB | Adobe PDF | View/Download |
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