Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82447
Authors: 
Apel, Mikael
Jansson, Per
Year of Publication: 
2000
Series/Report no.: 
Sveriges Riksbank Working Paper Series 109
Abstract: 
An approach to decomposing and interpreting the inflation process is proposed. It suggests that the low U.S. inflation rate in recent years reflects a structural development, but that the low levels of unemployment may be a mainly cyclical phenomenon.
Subjects: 
Inflation
NAIRU
New economy
Phillips curve
Unobserved-components models
JEL: 
C32
E31
Document Type: 
Working Paper

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