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The inflation/output variability trade-off: further evidence

David Cobham, Peter Macmillan and David Mcmillan

Applied Economics Letters, 2004, vol. 11, issue 6, 347-350

Abstract: The trade-off between the variability of inflation and that of output is estimated for the UK, using several different approaches to obtain the output gap, and then for a range of other countries; in all cases the trade-off retains the 'sharp turning point' found for the UK and US by other authors.

Date: 2004
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DOI: 10.1080/1350485042000228178

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