The behaviour of inflation and unemployment in the United States

Files in This Item:
File Description SizeFormat 
hoganv_workpap_006.pdf42.14 kBAdobe PDFDownload
Title: The behaviour of inflation and unemployment in the United States
Authors: Hogan, Vincent (Vincent Peter)
Permanent link:
Date: Jun-2000
Online since: 2008-07-11T10:50:34Z
Abstract: Low rates of inflation have been recorded in the United States in recent years despite a decline in the unemployment rate. This phenomenon could be the result of a series of transitory shocks or of a permanent change in the structure of the economy leading to a lower NAIRU. The paper suggests that while the NAIRU may have fallen slightly, it has not fallen by an amount sufficient to explain the recent behaviour of inflation. The main explanation for recent inflation performance appears to be that there have been favorable price shocks; in particular, the cost of imports has fallen sharply as the dollar has appreciated.
Type of material: Working Paper
Publisher: University College Dublin, School of Economics
Series/Report no.: UCD Centre For Economic Research Working Paper Series; WP00/16
Keywords: InflationPhilips Curve
Subject LCSH: Natural rate of unemployment--United States
Inflation (Finance)--United States
Phillips curve
Other versions:
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Geary Institute Research Collection
Economics Working Papers & Policy Papers

Show full item record

Page view(s) 20

checked on May 25, 2018

Download(s) 50

checked on May 25, 2018

Google ScholarTM


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.