Is There a Stable Relationship Between Capacity Utilization And Inflation? - Economic Review, First Quarter, 1997 - Dallas Fed

Abstract

relationship is stable. During recent years, the failure of monetary aggregates as reliable guides for future inflation has led financial market participants and Federal Reserve policymakers to monitor a broad range of economic statistics. On the real side, analysts increasingly rely on the Phillips curve— the perceived existence of a stable short-run trade… (More)

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@inproceedings{Emery2001IsTA, title={Is There a Stable Relationship Between Capacity Utilization And Inflation? - Economic Review, First Quarter, 1997 - Dallas Fed}, author={Kenneth M. Emery and Chih-Ping Chang}, year={2001} }