Evolving international inflation dynamics: World and country-specific factors
Journal
Journal of European Economic Association
Subject
Economics
Publishing details
Authors / Editors
Mumtaz H; Surico P
Biographies
Publication Year
2012
Abstract
The decline in the level and persistence of inflation over the 1980s is a common feature of the most industrialized economies in the world. The rise in inflation volatility of the late 1970s and the subsequent fall of the 1980s is country specific for the UK, Canada, and, to a lesser extent, the United States, Italy, and Japan. Since the late 1980s, inflation predictability has declined significantly across the industrialized world. We link the empirical results to recent theories of international inflation
Available on ECCH
No
