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THE SWINGS OF U.S. INFLATION AND THE GIBSON PARADOX.

In recent business cycles, U.S. inflation has experienced a reduction of volatility and a severe weakening in the correlation to the nominal interest rate (Gibson paradox). We examine these facts in an estimated dynamic stochastic general equilibrium model with money. Our findings point at a flatter...

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Publicado en:Economic Inquiry Vol. 56; no. 2; pp. 799 - 821
Autores principales: Casares, Miguel, Vázquez, Jesús
Formato: Artículo
Publicado: Wiley-Blackwell Apr2018
Materias:
United States
Price inflation
Risk aversion
Business cycles
Economic equilibrium
Gibson paradox
Acceso en línea:Ver este registro en EBSCOhost