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- W2053908387 abstract "Over the past decade, inflation has become less responsive to domestic demand pressures in many industrial countries. This development has been attributed, in part, to globalization forces. A small macroeconomic model, estimated on UK data using Bayesian estimation, is used to analyze the monetary policy implications of this structural change. The focus is on the implications of a globalization-related flattening of the Phillips curve for the trade-off between inflation and output gap variability and for the efficient monetary policy response rule." @default.
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- W2053908387 date "2007-04-01" @default.
- W2053908387 modified "2023-09-26" @default.
- W2053908387 title "Flattening of the Phillips Curve: Implications for Monetary Policy" @default.
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