The Great Inflation Was Not Asymmetric: International Evidence |
| |
Authors: | DEAN SCRIMGEOUR |
| |
Affiliation: | Dean Scrimgeour;is a graduate student in the Economics Department at University of California, Berkeley (E-mail:). |
| |
Abstract: | The rise and fall of inflation during the Great Inflation were events of approximately equal duration in developed economies. Relying on data-driven methods, this paper shows the American experience, in which inflation fell more quickly than it rose, was anomalous. This suggests that theories explaining the asymmetry in the American data may not be so applicable to a broader sample of countries. |
| |
Keywords: | E52 |
|
|