Disinflation, credibility and price inertia: A Danish exposition
- 1 October 1987
- journal article
- research article
- Published by Taylor & Francis in Applied Economics
- Vol. 19 (10) , 1353-1366
- https://doi.org/10.1080/00036848700000123
Abstract
This paper analyses the disinflationary policy pursued in Denmark since October 1982, focusing on the Phillips curve trade-off and the credibility of this disinflationary policy. The overall conclusion confirms no significant indication of the disinflationary policy being credible.Keywords
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