Disinflation,credibility and price inertia: A Danish exposition |
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| Authors: | Michael Christensen |
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| Affiliation: | Institute of Economics and Department of Economics , University of Aarhus and University of Southampton , DK-8000 Aarhus C., Denmark, UKS09 5NH |
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| 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. |
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