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The steady inflation rate of economic growth

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dc.contributor.authorDungey, Mardien_AU
dc.contributor.authorPitchford, Johnen_AU
dc.date.accessioned2003-03-26en_US
dc.date.accessioned2004-05-19T06:32:27Zen_US
dc.date.accessioned2011-01-05T08:25:02Z
dc.date.available2004-05-19T06:32:27Zen_US
dc.date.available2011-01-05T08:25:02Z
dc.date.created1999en_AU
dc.date.updated2015-12-10T09:09:22Z
dc.description.abstractThis paper considers the existence of a path of GDP corresponding to steady inflation in the prices of domestic goods. We estimate the steady inflation rate of growth, denoted the SIRG, at a little over 4 per cent per annum in the post-float period. Changes in inflation are modelled as a nonlinear combination of growth and changes in import price inflation. Because import price inflation is more volatile than overall inflation, policy that targets overall inflation may require growth to fluctuate considerably, whereas growth can be steady if the target is steady inflation of domestic goods’ prices.en_AU
dc.format.extent32 pagesen_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.isbn0 7315 2278 8en_AU
dc.identifier.issn1442-8636en_AU
dc.identifier.urihttp://hdl.handle.net/1885/40220en_AU
dc.language.isoen_AUen_AU
dc.publisherCanberra, ACT: Centre for Economic Policy Research (CEPR), The Australian National Universityen_AU
dc.relation.ispartofseriesDiscussion Paper (Centre for Economic Policy Research (CEPR), The Australian National University): No. 414en_AU
dc.rightsAuthor/s retain copyrighten_AU
dc.subjectinflationen_AU
dc.subjectgrowthen_AU
dc.subjectimport pricesen_AU
dc.subjectmonetary policyen_AU
dc.titleThe steady inflation rate of economic growthen_AU
dc.typeWorking/Technical Paperen_AU
dcterms.accessRightsOpen Accessen_AU
local.contributor.affiliationCEPR, RSSSen_AU
local.contributor.affiliationANUen_AU
local.contributor.authoruidDungey, Mardi, u9402571en_AU
local.contributor.authoruidPitchford, John, a165392en_AU
local.description.refereedyesen_AU
local.identifier.absfor140202 - Economic Development and Growth
local.identifier.ariespublicationMigratedxPub789
local.identifier.citationmonthdecen_US
local.identifier.citationyear1999en_AU
local.identifier.eprintid1056en_AU
local.rights.ispublishedyesen_AU
local.type.statusPublished Versionen_AU

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