Does a Threshold Inflation Rate Exist? Quantile Inferences for Inflation and Its Variability

Preprint OPEN
WenShwo Fang; Stephen M. Miller; Chih-Chuan Yeh;
  • Subject: inflation, inflation variability, inflation targeting, threshold effects, quantile regression
    • jel: jel:E31 | jel:C21
    arxiv: General Relativity and Quantum Cosmology | Astrophysics::Cosmology and Extragalactic Astrophysics

Using quantile regressions and cross-sectional data from 152 countries, we examine the relationship between inflation and its variability. We consider two measures of inflation – the mean and median – and three different measures of inflation variability – the standard ... View more
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