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Menu costs and the long-run output–inflation trade-off

✍ Scribed by Michael B. Devereux; James Yetman


Book ID
117332244
Publisher
Elsevier Science
Year
2002
Tongue
English
Weight
317 KB
Volume
76
Category
Article
ISSN
0165-1765

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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