Journal Article

A reexamination of the relationship between capacity utilization and inflation


Abstract: A review of the theoretical and empirical relationship between capacity utilization and inflation, employing a two-equation structural model that does not suffer from simultaneity bias and that appears to be stable over time.

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Review

Publication Date: 1990

Volume: 26

Issue: Q III

Pages: 2-12