OECD Economics Department Working Papers

What Drives Inflation in the Major OECD Economies?

DOI:https://dx.doi.org/10.1787/5kgdx1jgvtf8-en

This paper presents an empirical analysis of the determinants of inflation in the United States, Japan, the euro area and the United Kingdom, focusing on the role of resource utilisation, inflation expectations, inflation persistence and imported inflation. It also includes a cross-sectional...



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