Inflation and Disinflation in IcelandBank for International Settlements, Monetary and Economic Department, 1998 - Deflation (Finance) - 55 pages |
Common terms and phrases
adaptive expectations Annex annual Argentina consumer prices countries credibility deficit deflator disinflation process dPROF effects error estimates ex post real exchange rate policy external shocks factors fall in inflation financial indexation Graph high inflation higher Icelandic economy import prices incomes policies inflation expectations inflation in Iceland inflation rate investment labour market low inflation lower macroeconomic measures monetary policy Moreover NAIRU negative nominal wages OECD output growth peak Portugal post real interest price equation price inflation process of disinflation productivity growth rate of inflation rate of unemployment real exchange rate real export revenue real interest rates real labour costs real rates real wage flexibility reducing inflation relatively sacrifice ratio second stage sector seigniorage significantly stabilisation policies stable stage of disinflation supply shocks Table terms of trade tion Unindexed bank loans unit labour costs variables volatility wage equation wage increases wage indexation wage moderation wage settlement Zealand