The Great Inflation Was Not Asymmetric: International Evidence
利用数据驱动方法，发现发达国家在大通胀期间通胀上升和下降的持续时间大致相等，而美国通胀下降快于上升的现象是特例，说明基于美国数据的不对称理论不适用于更广泛的国家样本。
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.