What starts inflation: evidence from the OECD countries. From: Journal of Money, Credit & Banking | Date: June 1, 2003| Author: Boschen, John F.; Weise, Charles L. | COPYRIGHT 2003 Ohio State University Press. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

We use a pooled cross-country time series framework to study the factors associated with the start of 73 inflation episodes in OECD countries since 1960. We find that policy-makers' pursuit of high real growth targets and national elections were important factors in initiating inflation episodes. U.S. inflation turns out to be a triggering event for simultaneous outbreaks of inflation across countries. Several other explanations for inflation starts, including increases in the natural rate ...

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