Understanding Post-COVID Inflation Dynamics /
We propose a macroeconomic model with a nonlinear Phillips curve that has a flat slope when inflationary pressures are subdued and steepens when inflationary pressures are elevated. The nonlinear Phillips curve in our model arises due to a quasi-kinked demand schedule for goods produced by firms. Ou...
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| Main Author: | |
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| Other Authors: | , , |
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2023
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| Series: | IMF Working Papers; Working Paper ;
No. 2023/010 IMF eLibrary |
| Subjects: | |
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