OFR Creates Model Justifying Long-held View About Inflation Determinants

Gregory Phelan and Jean-Paul L’Huillier

No 23-09, The OFR Blog from Office of Financial Research, US Department of the Treasury

Abstract: New OFR working paper model shows supply shocks cause inflation, demand shocks don’t. Keywords: Inflation, supply and demand, Phillips curve

Date: 2023-04-20
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Persistent link: https://EconPapers.repec.org/RePEc:ofr:ofrblg:23-09

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