Burdekin, R.C.K.; Siklos, P.L. - School of Business and Economics, Wilfrid Laurier University - 1997
This paper re-examines the findings of Alogoskoufis and Smith (1991), who argue that sharp increases in inflation … United States, Canada and Sweden, we suggest that these authors' emphasis on a post-1967 shift in inflation persistence is … misplaced and that there are other equally good candidates to account for changes in inflation persistence such as wars, oil …