Tsong, Ching-Chuan; Lee, Cheng-Feng - In: Journal of Macroeconomics 33 (2011) 4, pp. 668-680
This paper applies the regression quantile approach developed by Koenker and Xiao (2004) to investigate the dynamic behavior of inflation in 12 OECD countries. By analyzing the behavior in a wide range of quantiles, this method allows us to quantify the influence of various sizes of shocks that...