Disinflation and the NAIRU
Published Date
Copyright 1997
ISBN 0226724840
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Copy CitationLaurence M. Ball, Reducing Inflation: Motivation and Strategy (University of Chicago Press, 1997), chap. 4, https://www.nber.org/books-and-chapters/reducing-inflation-motivation-and-strategy/disinflation-and-nairu.
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Published From Paper
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Working Paper
This paper asks why the NAIRU rose in most OECD countries in the 1980s. I find that a central cause was the tight...
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