Output and Inflation Co-movement PDF (Adobe DRM) download by Michal Andrle

Output and Inflation Co-movement

INTERNATIONAL MONETARY FUND
Publication date: January 2017
ISBN: 9781475569193
Digital Book format: PDF (Adobe DRM)

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What are the drivers of business cycle fluctuations? And how many are there? By documenting strong and predictable co-movement of real variables during the business cycle in a sample of advanced economies, we argue that most business cycle fluctuations are driven by one major factor. The positive co-movement of real output and inflation convincingly argues for a demand story. We propose a simple statistic that can compare data and models. Based on this statistic, we show that the recent vintage of structural economic models has difficulties replicating the stylized facts we document.
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Output and Inflation Co-movement PDF (Adobe DRM) download by Michal Andrle
INTERNATIONAL MONETARY FUND, January 2017
ISBN: 9781475569193
EAN:  9781475569193
PDF (Adobe DRM)
List Price: $9.00 eBook price: $6.99
Output and Inflation Co-movement ePub (Adobe DRM) download by Michal Andrle
INTERNATIONAL MONETARY FUND, January 2017
ISBN: 9781475569162
EAN:  9781475569162
ePub (Adobe DRM)
List Price: $9.00 eBook price: $6.99
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