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Incomplete markets and the output–inflation tradeoff

✍ Scribed by Yann Algan; Edouard Challe; Xavier Ragot


Publisher
Springer
Year
2009
Tongue
English
Weight
368 KB
Volume
46
Category
Article
ISSN
0938-2259

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Output and inflation in the long run
✍ Neil R. Ericsson; John S. Irons; Ralph W. Tryon 📂 Article 📅 2001 🏛 John Wiley and Sons 🌐 English ⚖ 134 KB

## Abstract Cross‐country regressions explaining output growth often obtain a negative effect from inflation. However, that result is not robust, due to the selection of countries in sample, temporal aggregation, and omission of consequential variables in levels. This paper demonstrates some implic