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このアイテムの引用には次の識別子を使用してください: http://hdl.handle.net/10114/10376

タイトル: Can Higher Inflation Be More Stable? Evidence from Japan and the US
著者: Karras, Georgios
キーワード: Inflation
Inflation Volatility
Trend Inflation
発行日: 2015-3
出版者: The Institute of Comparative Economic Studies, Hosei University
抄録: This paper investigates the relationship between trend inflation and inflation volatility. Using annual data from 1922 to 2013, the results show that Japanese and US inflation and its volatility have been positively correlated when inflation exceeds a certain value, but negatively correlated when inflation is below this threshold. The evidence suggests that the break in the relationship occurs at annual inflation rates around 2.5% in the US and between 0% and 2% in Japan. This implies that inflation exceeding 2.5% in the US or 2% in Japan is likely to be associated with higher inflation volatility .
URI: http://hdl.handle.net/10114/10376
ISSN: 09111247
出現コレクション:Journal of International Economic Studies


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