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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Bibliographic Details
Main Authors: Gilchrist, Simon, Zakrajsek, Egon
Format: Artículo
Language:English
Published: Banco Central de Chile 2020
Subjects:
Online Access:https://hdl.handle.net/20.500.12580/4883
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