EVOLVING INTERNATIONAL INFLATION DYNAMICS: WORLD AND COUNTRY-SPECIFIC FACTORS
研究了20世纪80年代以来工业化国家通胀水平和持续性的下降，发现通胀波动性变化具有国家特异性，且自80年代末通胀可预测性显著降低，并将结果与国际通胀理论相联系。
The decline in the level and persistence of inflation over the 1980s is a common feature of the most industrialized economies in the world. The rise in inflation volatility of the late 1970s and the subsequent fall of the 1980s is country specific for the UK, Canada, and, to a lesser extent, the United States, Italy, and Japan. Since the late 1980s, inflation predictability has declined significantly across the industrialized world. We link the empirical results to recent theories of international inflation.