On 18-19 June 2004, the BIS held a conference on "Understanding Low Inflation and Deflation". This event brought …

a broad cross-section of countries inflation volatility has fallen markedly while output variability has either fallen … changes to these two factors. Our technique involves estimating movements toward an inflation and output variability …

a broad cross-section of countries inflation volatility has fallen markedly while output variability has either fallen … changes to these two factors. Our technique involves estimating movements toward an inflation and output variability …