Does Global Slack Matter More than Domestic Slack in Determining U.S. Inflation?
Fabio Milani ()
No 80910, Working Papers from University of California-Irvine, Department of Economics
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. The role of domestic output gap, instead, seems to have diminished over time.
Keywords: Globalization; Global Slack; Inflation Dynamics; Phillips Curve; Bayesian Estimation (search for similar items in EconPapers)
JEL-codes: E31 E50 E52 E58 F41 (search for similar items in EconPapers)
Pages: 12 pages
New Economics Papers: this item is included in nep-cba, nep-mac, nep-mon and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Journal Article: Does global slack matter more than domestic slack in determining U.S. inflation? (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:irv:wpaper:080910
Access Statistics for this paper
More papers in Working Papers from University of California-Irvine, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Jennifer dos Santos ().