Understanding the recent behavior of U.S. inflation
Robert Rich () and
Current Issues in Economics and Finance, 2000, vol. 6, issue Jul
One of the most surprising features of the long current expansion has been the decline in price inflation through the late 1990s. Some observers interpret the decline as evidence of a permanent change in the relationship between inflation and economic growth. But an analysis based on a standard forecasting model suggests that conventional economic factors_most notably, a decrease in import prices_can account for the low inflation rates in recent years.
Keywords: Inflation (Finance); Imports (search for similar items in EconPapers)
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