Doyle, Matthew; Falk, Barry - Iowa State University of Science and Technology <Ames, … - 2006
Inflation rates in a number of OECD follow a common trend over the past four decades: inflation starts out low in the 1960s, rises for a time before peaking in the 1970s or early 1980s, and then falls back to initial levels. This similarity in the behavior of trend inflation suggests that any...
