NDLI: Did the underlying behaviour of inflation change in the 1980s? A study of 17 countries

Content Provider	Springer Nature Link
Author	Anderton, Robert
Copyright Year	1997
Abstract	Did the Underlying Behaviour of Inflation Change in the 1980s? A Study of 17 Countries. - Have the ERM member countries experienced a regime change to a lower degree of persistence for inflation in the 1980s compared to the 1970s? Some results give the impression that deflationary policies associated with ERM membership may have reduced the mean level of inflation, but did not reduce the persistence parameter over the last decade. However, other results show that the persistence parameter does decline for a majority of ERM members. Surprisingly, the results also show stronger evidence of a fall in inflation persistence for some non-ERM countries who adopted a strong anti-inflationary stance over the same period.Ist es in den achtziger Jahren grundlegend zu einem anderen Inflationsverhalten gekommen? Eine Studie für 17 Länder. - Haben die Mitgliedsländer des Europäischen Währungsmechanismus (EWM) einen derart markanten Wandel erfahren, daß sich die Inflation in den achtziger Jahren weniger beharrlich fortgesetzt hat als in den siebziger Jahren? Einige Ergebnisse vermitteln den Eindruck, daß die Deflationspolitik verbunden mit der Mitgliedschaft im EWM wohl dazu geführt hat, daß das durchschnittliche Inflationsniveau gesunken ist, aber nicht, daß die Parameter für die Beharrlichkeit der Inflation über die letzte Dekade gefallen sind. Jedoch lassen andere Resultate erkennen, daß die Beharrlichkeit der Inflation in einigen EWM-Ländern nachgelassen hat. Andere Resultate zeigen allerdings auch, daß die Beharrlichkeit der Inflation in einigen Nicht-EWM-Ländern, die zur gleichen Zeit eine dezidierte Antiinflationspolitik betrieben haben, noch stärker zurückgegangen ist.
Starting Page	22
Ending Page	38
Page Count	17
File Format	PDF
ISSN	00432636
Journal	Weltwirtschaftliches Archiv
Volume Number	133
Issue Number	1
e-ISSN	16102886
Language	English
Publisher	Springer-Verlag
Publisher Date	1997-01-01
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	International Economics Economics general
Content Type	Text
Resource Type	Article
Subject	Business, Management and Accounting

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