Matches in SemOpenAlex for { <https://semopenalex.org/work/W2140204079> ?p ?o ?g. }
- W2140204079 abstract "A number of academic studies suggest that from the mid-1990s onwards there were changes in the link between inflation and economic activity. However, it remains unclear the extent to which this phenomenon can be ascribed to a change in the structural relationship between inflation and output, as opposed to a change in the size and nature of the shocks hitting the economy. This paper uses a suite of models, such as time-varying VAR techniques, traditional macro models, as well as DSGE models, to investigate, for various European countries as well as for the euro area, the evolution of the link between inflation and resource utilization and its dependence on the nature and size of the shocks. Our analysis suggests that the relationship between inflation and activity has indeed been changing over time, while remaining positive, with the correlation peaking during recessions. Quantitatively, the link between output and inflation is found to be highly dependent on which type of shocks hit the economy: while, in general, all demand shocks to output imply a reaction of inflation of the same sign, the latter will be less pronounced when output fluctuations are driven by supply shocks. In addition, a sharp deceleration of activity, as opposed to a subdued but protracted slowdown, results in a swifter decline in inflation. Inflation exhibits a rather strong persistence, with a negative impact still visible three years after the initial shock." @default.
- W2140204079 created "2016-06-24" @default.
- W2140204079 creator A5014738004 @default.
- W2140204079 creator A5018418787 @default.
- W2140204079 creator A5043845390 @default.
- W2140204079 creator A5062313078 @default.
- W2140204079 creator A5068691946 @default.
- W2140204079 creator A5071631880 @default.
- W2140204079 date "2011-06-08" @default.
- W2140204079 modified "2023-09-26" @default.
- W2140204079 title "ASSESSING THE SENSITIVITY OF INFLATION TO ECONOMIC ACTIVITY1" @default.
- W2140204079 cites W1486385617 @default.
- W2140204079 cites W1492491627 @default.
- W2140204079 cites W1493734964 @default.
- W2140204079 cites W1506728556 @default.
- W2140204079 cites W1512425385 @default.
- W2140204079 cites W1524427435 @default.
- W2140204079 cites W1525732299 @default.
- W2140204079 cites W1539879705 @default.
- W2140204079 cites W1561678583 @default.
- W2140204079 cites W1563454171 @default.
- W2140204079 cites W1570121735 @default.
- W2140204079 cites W1970752407 @default.
- W2140204079 cites W1987103414 @default.
- W2140204079 cites W2003985050 @default.
- W2140204079 cites W2029541635 @default.
- W2140204079 cites W2037578329 @default.
- W2140204079 cites W2049875459 @default.
- W2140204079 cites W2062184948 @default.
- W2140204079 cites W2071144963 @default.
- W2140204079 cites W2074112847 @default.
- W2140204079 cites W2088068570 @default.
- W2140204079 cites W2088959723 @default.
- W2140204079 cites W2095403487 @default.
- W2140204079 cites W2101000159 @default.
- W2140204079 cites W2103688234 @default.
- W2140204079 cites W2119327830 @default.
- W2140204079 cites W2124694405 @default.
- W2140204079 cites W2137563822 @default.
- W2140204079 cites W2143367343 @default.
- W2140204079 cites W2144176354 @default.
- W2140204079 cites W2144640018 @default.
- W2140204079 cites W2148191366 @default.
- W2140204079 cites W2213422641 @default.
- W2140204079 cites W2235009244 @default.
- W2140204079 cites W2889574854 @default.
- W2140204079 cites W2890691765 @default.
- W2140204079 cites W2890911258 @default.
- W2140204079 cites W2991686893 @default.
- W2140204079 cites W3022095662 @default.
- W2140204079 cites W3121304385 @default.
- W2140204079 cites W3122598309 @default.
- W2140204079 cites W3122629074 @default.
- W2140204079 cites W3122638767 @default.
- W2140204079 cites W3123052161 @default.
- W2140204079 cites W3123460923 @default.
- W2140204079 cites W3123571929 @default.
- W2140204079 cites W3123941876 @default.
- W2140204079 cites W3123970111 @default.
- W2140204079 cites W3124255164 @default.
- W2140204079 cites W3124270352 @default.
- W2140204079 cites W3124870903 @default.
- W2140204079 cites W3125181921 @default.
- W2140204079 cites W3125384343 @default.
- W2140204079 cites W3125439140 @default.
- W2140204079 cites W3125443061 @default.
- W2140204079 cites W3126105670 @default.
- W2140204079 cites W3139821631 @default.
- W2140204079 cites W3141890246 @default.
- W2140204079 cites W38676516 @default.
- W2140204079 cites W2515089346 @default.
- W2140204079 hasPublicationYear "2011" @default.
- W2140204079 type Work @default.
- W2140204079 sameAs 2140204079 @default.
- W2140204079 citedByCount "0" @default.
- W2140204079 crossrefType "posted-content" @default.
- W2140204079 hasAuthorship W2140204079A5014738004 @default.
- W2140204079 hasAuthorship W2140204079A5018418787 @default.
- W2140204079 hasAuthorship W2140204079A5043845390 @default.
- W2140204079 hasAuthorship W2140204079A5062313078 @default.
- W2140204079 hasAuthorship W2140204079A5068691946 @default.
- W2140204079 hasAuthorship W2140204079A5071631880 @default.
- W2140204079 hasConcept C121332964 @default.
- W2140204079 hasConcept C126285488 @default.
- W2140204079 hasConcept C126322002 @default.
- W2140204079 hasConcept C139719470 @default.
- W2140204079 hasConcept C149782125 @default.
- W2140204079 hasConcept C150566966 @default.
- W2140204079 hasConcept C162324750 @default.
- W2140204079 hasConcept C165556158 @default.
- W2140204079 hasConcept C195742910 @default.
- W2140204079 hasConcept C200941418 @default.
- W2140204079 hasConcept C2777242750 @default.
- W2140204079 hasConcept C2781300812 @default.
- W2140204079 hasConcept C33332235 @default.
- W2140204079 hasConcept C489367 @default.
- W2140204079 hasConcept C50522688 @default.
- W2140204079 hasConcept C556758197 @default.
- W2140204079 hasConcept C71924100 @default.
- W2140204079 hasConcept C86337476 @default.