The Great Inflation Was Not Asymmetric: International Evidence

Dean Scrimgeour

Journal of Money, Credit and Banking, 2008, vol. 40, issue 4, pages 799-815

Abstract: The rise and fall of inflation during the Great Inflation were events of approximately equal duration in developed economies. Relying on data-driven methods, this paper shows the American experience, in which inflation fell more quickly than it rose, was anomalous. This suggests that theories explaining the asymmetry in the American data may not be so applicable to a broader sample of countries. Copyright (c) 2008 The Ohio State University.

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