US inflation not persistent
A new paper from the Bank of Mexico finds that in the post-second world war period United States inflation has not proven persistent.
The research finds that United States inflation has been mean reverting, meaning non persistent, with two exceptional periods: 1947-50 and 1973-83. The data indicates that this was the result of the Federal Reserve taking strong action to bring inflation back to target when a price disturbance occurred. It was also due to price disorders - the main source of which
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