Browsing Norges Banks vitenarkiv by Author "Staehr, Karsten"
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Explaining the Low US Inflation – Coincidence or “New Economy”? Evidence Based on a Wage-Price Spiral
Claussen, Carl Andreas; Staehr, Karsten (Working Papers;2/2001, Working paper, 2001)We study possible factors behind the subdued inflation in the United States since the mid-1990s. A standard expectations-augmented Phillips curve does not exhibit structural breaks. However, a wage-price spiral comprising ...