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| Tekijä: | Boschen, J.F. Weise, C.L. |
| Otsikko: | What starts inflation: evidence from the OECD countries |
| Lehti: | Journal of Money, Credit and Banking
2003 : JUN, VOL. 35:3, p. 323-349 |
| Asiasana: | Country comparisons Inflation Monetary policy OECD |
| Kieli: | eng |
| Tiivistelmä: | A pooled cross-country time series framework is used to study the factors associated with the start of 73 inflation episodes in OECD countries since 1960. The authors find that policy-makers' pursuit of high real growth targets and national elections were important factors in initiating inflation episodes. U.S. inflation turns out to be a triggering event for simultaneous outbreaks of inflation across countries. |
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