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Inflation in North America

In: Price Stabilization in the 1990s

Author

Listed:
  • Michael Parkin
  • Ralph C. Bryant
  • Paul Jenkins

Abstract

The past quarter century has seen inflation in North America accelerate and recede, and has seen our stock of knowledge about inflation steadily accumulate.1 The combination of these two events has transformed our attitudes toward inflation and led us to the point at which we now dare to plan for and talk of achieving zero inflation. A central purpose of this chapter is to evaluate the possibility of achieving and maintaining zero inflation in the United States and Canada in the decade ahead. It begins by reviewing the inflation record of the two countries, looking both at their separate performances and their inflation differential. This review highlights the questions that must be answered if zero inflation is to be a possibility.

Suggested Citation

  • Michael Parkin & Ralph C. Bryant & Paul Jenkins, 1993. "Inflation in North America," Palgrave Macmillan Books, in: Kumiharu Shigehara (ed.), Price Stabilization in the 1990s, chapter 4, pages 47-93, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12893-8_4
    DOI: 10.1007/978-1-349-12893-8_4
    as

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