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008150406|2000||||xxc|||||     f|0| 0 eng|d
020 |a0-662-29132-8
022 |a1192-5434
040 |aCaOODSP|beng
043 |an-cn---
0861 |aFB3-2/100-12E
1102 |aBank of Canada.
24510|aPrice stickiness, inflation, and output dynamics : |ba cross-country analysis / |cby Hashmat Khan.
260 |aOttawa - Ontario : |bBank of Canada |c2000.
300 |av, 47p. : |bfigs., references, tables ; |c28 cm.
4901 |aWorking paper|x1192-5434|v2000-12
500 |a"This paper investigates a key implication of the sticky-price model of business cycle that is designed to explain the observed persistence in output fluctuations around its long-run growth path. A prediction of this model is that a higher trend inflation rate will increase the frequency of price adjustment and thereby inversely affect the persistence in deviations of output from its trend. Therefore, countries with a high trend inflation rate should have less-persistent output fluctuations. The characteristics of the data set available to examine this hypothesis raise several implementation issues. This paper focuses on those issues in a manner that is consistent with the theoretical framework of the model."--Concluding remarks.
5203 |aThis paper investigates a key implication of the sticky-price model of business cycle that is designed to explain the observed persistence in output fluctuations around its long-run growth path. A prediction of this model is that a higher trend inflation rate will increase the frequency of price adjustment and thereby inversely affect the persistence in deviations of output from its trend. Therefore, countries with a high trend inflation rate should have less-persistent output fluctuations. The characteristics of the data set available to examine this hypothesis raise several implementation issues. This paper focuses on those issues in a manner that is consistent with the theoretical framework of the model.--Concluding remarks
546 |aRésumé en français
563 |aSoftcover
590 |a00-32|b2000-08-11
69007|aInflation|2gcpds
69007|aPrices|2gcpds
69007|aExchange rates|2gcpds
7201 |aKhan, Hashmat
7760#|tPrice stickiness, inflation, and output dynamics : |w(CaOODSP)9.578632
830#0|aWorking paper,|x1192-5434|v2000-12|w(CaOODSP)9.514622