01613cas a2200241 a 4500 AALejournalIMF000478 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856699 1018-5941 BD-DhAAL BD-DhAAL Chand, Sheetal. Nominal Income and the Inflation-Growth Divide / Sheetal Chand. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper deals with aggregate demand fluctuations and their price and output effects. Starting with a nominal income solution, a rule for determining the inflation and output growth effects is presented. Assigning alternative values to the key parameters of the suggested rule generates different closure rules, such as the classical and the Keynesian and their modern counterparts. An application to major industrial country data indicates that the suggested rule is robust. Both inflation and output growth are affected by nominal shocks, but response patterns vary among the countries. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/147 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/147/001.1997.issue-147-en.xml IMF e-Library