{"id":"https://openalex.org/W2112467669","doi":null,"title":"The Relationship Between Capacity Utilization and Inflation","display_name":"The Relationship Between Capacity Utilization and Inflation","publication_year":2005,"publication_date":"2005-01-01","ids":{"openalex":"https://openalex.org/W2112467669","mag":"2112467669"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:fip:fedpbr:y:2005:i:q2:p:8-17","doi":null,"is_oa":false,"landing_page_url":"https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2005/q2/Q2_05_Dotsey_Stark.pdf","pdf_url":"https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2005/q2/Q2_05_Dotsey_Stark.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5019883470","display_name":"Michael Dotsey","orcid":"https://orcid.org/0000-0002-6065-3308","observed_orcids":["https://orcid.org/0000-0002-6065-3308"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Michael Dotsey","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-6065-3308","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5068539940","display_name":"Tom Stark","orcid":"https://orcid.org/0000-0003-1059-5047","observed_orcids":["https://orcid.org/0000-0003-1059-5047"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Tom Stark","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-1059-5047","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.3974,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.94100176,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":null,"issue":null,"first_page":"8","last_page":"17"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0007999999797903001,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13399","display_name":"Unemployment and Economic Growth","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capacity-utilization","display_name":"capacity utilization","score":0.9980000257492065},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.996999979019165},{"id":"https://openalex.org/keywords/economic-slack","display_name":"economic slack","score":0.6809999942779541},{"id":"https://openalex.org/keywords/price-increases","display_name":"price increases","score":0.4300000071525574},{"id":"https://openalex.org/keywords/production-costs","display_name":"production costs","score":0.6230000257492065},{"id":"https://openalex.org/keywords/employment","display_name":"employment","score":0.3100000023841858},{"id":"https://openalex.org/keywords/phillips-curve","display_name":"Phillips curve","score":0.3889999985694885}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8124654293060303},{"id":"https://openalex.org/C13166094","wikidata":"https://www.wikidata.org/wiki/Q1597271","display_name":"Capacity utilization","level":2,"score":0.7453237771987915},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.7205426692962646},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.628858208656311},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.5477695465087891},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.5387962460517883},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.42728960514068604},{"id":"https://openalex.org/C9127897","wikidata":"https://www.wikidata.org/wiki/Q990550","display_name":"Physical capital","level":3,"score":0.41741666197776794},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.3459030091762543},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3100709915161133},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.19793683290481567},{"id":"https://openalex.org/C2776943663","wikidata":"https://www.wikidata.org/wiki/Q165687","display_name":"Human capital","level":2,"score":0.07703641057014465},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0727967917919159},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:fip:fedpbr:y:2005:i:q2:p:8-17","doi":null,"is_oa":false,"landing_page_url":"https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2005/q2/Q2_05_Dotsey_Stark.pdf","pdf_url":"https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2005/q2/Q2_05_Dotsey_Stark.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"mag:2112467669","doi":null,"is_oa":false,"landing_page_url":"http://www.phil.frb.org/research-and-data/publications/business-review/2005/q2/q2_05_dotsey_stark.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S2764354036","display_name":"Business review","issn_l":"0007-7011","issn":["0007-7011"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316502","host_organization_name":"Federal Reserve Bank of Philadelphia","host_organization_lineage":["https://openalex.org/P4310316502"],"host_organization_lineage_names":["Federal Reserve Bank of Philadelphia"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Business review","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.9211000204086304,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":17,"referenced_works":["https://openalex.org/W1482241473","https://openalex.org/W1546570679","https://openalex.org/W1547845881","https://openalex.org/W1582852958","https://openalex.org/W1598761357","https://openalex.org/W2013860961","https://openalex.org/W2041811101","https://openalex.org/W2049287603","https://openalex.org/W2058320416","https://openalex.org/W2133050755","https://openalex.org/W2144395073","https://openalex.org/W2323266160","https://openalex.org/W3121782693","https://openalex.org/W3124794303","https://openalex.org/W3125661663","https://openalex.org/W3126038676","https://openalex.org/W3126103630"],"related_works":["https://openalex.org/W7096960784","https://openalex.org/W4249120721","https://openalex.org/W7043037222","https://openalex.org/W84849733","https://openalex.org/W2148559868","https://openalex.org/W7066124837","https://openalex.org/W7098340751","https://openalex.org/W3121731989","https://openalex.org/W1571043728","https://openalex.org/W7097025226"],"abstract_inverted_index":{"There's":[0],"a":[1,130],"common":[2],"belief":[3],"among":[4],"economists":[5],"that":[6,14],"when":[7,16,58],"there?s":[8],"slack":[9],"in":[10,32,46,76,90],"the":[11,25,37,50,77,122],"economy":[12,26],"?":[13,24,113],"is,":[15],"labor":[17,41],"and":[18,42,67,111,116],"capital":[19,43,71],"are":[20,44],"not":[21,84,102],"fully":[22],"employed":[23],"can":[27,64],"expand":[28],"without":[29,72],"an":[30],"increase":[31,65],"inflation.":[33],"One":[34],"measure":[35],"of":[36,70,79,121],"intensity":[38],"with":[39,124],"which":[40],"used":[45],"producing":[47],"output":[48],"is":[49,61,101],"capacity":[51,59],"utilization":[52,60],"rate.":[53],"According":[54],"to":[55,87,92],"some":[56,120],"economists,":[57],"low,":[62],"firms":[63,82],"employment":[66],"their":[68],"use":[69],"incurring":[73],"large":[74],"increases":[75],"costs":[78],"production.":[80],"So":[81],"will":[83],"be":[85],"forced":[86],"raise":[88],"prices":[89],"order":[91],"make":[93],"profits":[94],"on":[95],"additional":[96],"output.":[97],"But":[98],"this":[99],"theory":[100],"universally":[103],"accepted.":[104],"In":[105],"?The":[106],"Relationship":[107],"Between":[108],"Capacity":[109],"Utilization":[110],"Inflation,":[112],"Mike":[114],"Dotsey":[115],"Tom":[117],"Stark":[118],"investigate":[119],"problems":[123],"what,":[125],"at":[126],"first":[127],"glance,":[128],"seems":[129],"compelling":[131],"story.":[132]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
