Are Prices Countercyclical? High quality books
Are Prices Countercyclical?
By:Mr. Eswar Prasad,Mr. Bankim Chadha
Published on 1992-10-01 by International Monetary Fund
This paper examines the comovement of prices with the cyclical component of output. It argues that determining the cyclical behavior of prices by applying the same stationarity-inducing transformation to the levels of both output and prices, and examining the correlations of the resulting series, can be misleading. A more appropriate procedure is to examine the correlations between the rate of inflation and the level of the cyclical component of output. In post-war U.S. data the correlations between similarly transformed price and output data are consistently and often strongly negative, as reported recently by a number of authors as evidence of countercyclical price behavior. The rate of inflation, however, is consistently and usually strongly positively correlated with various measures of the cyclical component of output.
This Book was ranked at 29 by Google Books for keyword Nominal rigidity.
Book ID of Are Prices Countercyclical?'s Books is aQSgxg6d96kC, Book which was written byMr. Eswar Prasad,Mr. Bankim Chadhahave ETAG "HeZbTNapgWU"
Book which was published by International Monetary Fund since 1992-10-01 have ISBNs, ISBN 13 Code is 9781455290765 and ISBN 10 Code is 1455290769
Reading Mode in Text Status is false and Reading Mode in Image Status is true
Book which have "37 Pages" is Printed at BOOK under CategoryBusiness and Economics
This Book was rated by Raters and have average rate at ""
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is true and in ePub is false
Book Preview
Comments
Post a Comment