| Tekijä: | Congdon, T. |
| Otsikko: | Inflation is not dead: sweet and sour spots in the business cycle |
| Lehti: | Economic Affairs
1998 : MAR, VOL. 18:1, p. 44-50 |
| Asiasana: | INFLATION BUSINESS CYCLES ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | Favourable macroeconomic outcomes in the last few years have surprised many observers. 1997 seems to have been particularly impressive. In the USA growth has been higher than expected at the start of the year, while inflation has been lower. The simultaneous declines in unemployment and inflation have led to conjectures that the economy has entered a "new era" and can enjoy a "new paradigm" of inflation-free growth. In the UK comment has been more restrained. |
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