Economics at your fingertips  

Ni déflation, ni spirale inflationniste aux États-Unis: l'apport d'une modélisation par secteurs de l'inflation sous-jacente

Vincent Grossmann-Wirth () and Clotilde Pfingstag

Economie & Prévision, 2010, vol. n° 195-196, issue 4, 187-195

Abstract: While opinions differ over the inflation outlook in the United States, this study dismisses both the risk of deflation and that of an ?inflationary spiral?. Although energy prices have fluctuated widely in recent months, their spillover effects on prices and wages in the United States appears to be limited. Abreakdown and a modeling of underlying inflation by sector (goods, housing, and non-housing services) point to moderate price changes in 2011 and 2012. This finding yields insight into the Fed?s highly accommodating monetary policy, while putting criticisms of this policy into perspective, given the Fed?s mandate.

Keywords: inflation; deflation; United-States; econometrics (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Economie & Prévision from La Documentation Française
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().

Page updated 2022-12-02
Handle: RePEc:cai:ecoldc:ecop_195_0187