Amisano, Gianni; Colavecchio, Roberta; Fagan, Gabriel - 2014
We employ a money-based early warning model in order to analyse the risk of a low inflation regime in the euro area …, Japan and the US. The model specification allows for three different inflation regimes: Low, Medium and High inflation … estimate the model with data from the early 1970s up to the present. Our analysis suggests that the risks of a Low inflation …
