Price Stability in the Periphery during the International Gold Standard: Scandinavia

Ola Grytten () and John Hunnes

Chapter 4 in The Gold Standard Peripheries, 2012, pp 58-80 from Palgrave Macmillan

Abstract: Abstract According to Willis, there are two main statistical measures that have been employed in recent research when investigating inflation dynamics. These are Volatility, or how much inflation varies quarter to quarter or year to year; and persistence, or the speed with which inflation returns to baseline after a shock’.1 Furthermore, ‘Other things equal, less persistence leads to less variability. Lower persistence is associated with faster but smaller swings in inflation over time that, in statistical terms, reduce the overall variability of inflation.’2

Keywords: Monetary Policy; Inflation Rate; Consumer Price Index; Scandinavian Country; Price Stability (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-36231-4_4

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DOI: 10.1057/9780230362314_4

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