Does global slack matter more than domestic slack in determining U.S. inflation?

Fabio Milani

Economics Letters, 2009, vol. 102, issue 3, 147-151

Abstract: This paper employs a structural model to estimate whether global output gap has become an important determinant of U.S. inflation dynamics. The results provide support for the relevance of global slack as a determinant of U.S. inflation after 1985.

Keywords: Globalization; Global; slack; Inflation; dynamics; Phillips; curve; Bayesian; estimation (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (19)

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Working Paper: Does Global Slack Matter More than Domestic Slack in Determining U.S. Inflation? (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:102:y:2009:i:3:p:147-151

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