Output, Inflation and the ERM |
Common terms and phrases
adjusted Industrial production adjusted Output Industrial adjusted Price Artis and Taylor assume Barro-Gordon benefits Centre for Economic costly deflations days Consumer prices days Price Consumer Deflations are costly Disinflation dummy Economic Performance ERM Countries France ERM implied ERM membership ERMit exchange rate expected value Finland Germany growth rates inflation outcomes inflation propensity inflation rate inflation variance inflationary expectations initial change Ireland Italy J.SYMONS J.WADSWORTH labour force Large ERM Large Non-ERM LAYARD M.ARELLANO macroeconomic mean that ERM member countries Model monetary authorities monetary regime monthly data Netherlands non-ERM countries Norway OECD OECD countries Once the ERM OSWALD output and inflation output cost Output Industrial production PISSARIDES Portugal Price Consumer prices Price Output Price rational expectation reduced output variability reduction in inflation refers to unweighted regression residual S.GOMULKA seasonally adjusted Industrial seasonally adjusted Output unemployment cost unit root United Kingdom utility function variance of T-Te Wage