Construct · 1 fields · 1 citations

trend inflation: a standalone construct

One name. One construct. A landmark on the map.

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trendinflation1 CONSTRUCTTrend inflationASCARI · MONETARY ECONOMICS

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Monetary economics

the slowly moving long-run level of inflation, whose height changes the slope of the Phillips curve and the determinacy of policy rules.

In monetary economics, trend inflation refers to the slowly moving long-run level of inflation, whose height changes the slope of the Phillips curve and the determinacy of policy rules. This meaning comes from Ascari (2014) in Journal of Economic Literature.[1]

Unit
Recovery means
Measured by

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Nearby constructs

inflation3 fields · 4 citationsjingle · one word, three constructslevel1 fields · 1 citationsanchor · a standalone constructPhillips curve1 fields · 4 citationsanchor · a standalone construct

References

  1. Ascari, G., & Sbordone, A. M. (2014). The Macroeconomics of Trend Inflation. Journal of Economic Literature, 52(3), 679-739. https://doi.org/10.1257/jel.52.3.679

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