An alternative demand indicator: the 'non-accelerating inflation rate of capacity utilization'

References

• Bauer , P. W. 1990 . A re-examination of the relationship between Capacity Utilization and inflation . Federal Reserve Bank of Cleveland Economic Review , 26 ( 3 ) : 2 – 12 .
   Google Scholar
• Bolt , W. and van Els , P. J. A. 1998 . Output gaps and inflation in the EU, Econometric Research and Special Studies , Department Research Report No. 550
   Google Scholar
• Cecchetti , S. G. 1995 . Inflation indicators and inflation policy , NBER Working Paper No. 5161
   Google Scholar
• Corrado , C. and Mattey , J. 1997 . Capacity utilization . Journal of Economic Perspectives , Winter : 151 – 167 .
   Google Scholar
• Emery , M. E. and Chang , C.-P. 1997 . Is there a stable relationship between capacity utilization and inflation?. Economic Review , 14 – 20 . Federal Reserve Bank of Dallas . first quarter
   Google Scholar
• Franz , W. and Gordon , R. J. 1993 . German and American wage and price dynamics . European Economic Review , 37 : 719 – 762 .
   Web of Science ®Google Scholar
• Friedman , M. 1968 . The role of monetary policy . American Economic Review , 58 March : 1 – 17 .
   Web of Science ®Google Scholar
• Garner , A. C. 1995 . How useful are leading indicators of inflation? Economic Review , 5 – 18 . Federal Reserve Bank of Kansas City . second quarter
   Google Scholar
• Garner , A. C. 1994 . Capacity utilization and US Inflation, Economic Review , 5 – 21 . Federal Reserve Bank of Kansas City . fourth quarter
   Google Scholar
• Gordon , R. J. 1997 . The time-varying NAIRU and its implications for economic policy . Journal of Economic Perspectives , Winter : 11 – 32 .
   Google Scholar
• Gordon , R. J. 1976 . Recent developments in the theory of inflation and unemployment . Journal of Monetary Economics , : 185 – 219 .
   Google Scholar
• Lucas , R. E. 1973 . Jr . , Some international evidence on output-inflation tradeoffs, American Economic Review , 63 : 326 – 334 .
   Web of Science ®Google Scholar
• McElhattan , R. 1978 . Estimating a stable inflation rate of capacity-utilization. Economic Review . Federal Reserve Bank of San Francisco. , Fall : 20 – 30 .
   Google Scholar
• McElhattan , R. 1985 . Inflation, supply shocks and the stable-inflation rate of capacity utilization. Economic Review . Federal Reserve Bank of San Francisco , winter : 45 – 63 .
   Google Scholar
• R⊘ed , K. 1997 . Hysteris in unemployment . Journal of Economic Surveys , 11 : 389 – 418 .
   Google Scholar
• Staiger , D. , Stock , J. H. and Watson , M. 1997 . The NAIRU, unemployment and monetary policy . Journal of Economic Perspectives , Winter : 33 – 49 .
   Google Scholar