Trade exposure and the evolution of inflation dynamics
The Phillips curve—the relationship between price inflation and fluctuations in economic activity— is a central building block of economic models that allow for nominal rigidities and are relied upon by central banks around the world to gauge cyclical inflationary pressures and forecast inflatio...
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Main Authors: | Gilchrist, Simon, Zakrajsek, Egon |
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Format: | Artículo |
Language: | English |
Published: |
Banco Central de Chile
2020
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Subjects: | |
Online Access: | https://hdl.handle.net/20.500.12580/4883 |
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