论文信息 - ADMINISTERED INFLATION: A REAPPRAISAL

ADMINISTERED INFLATION: A REAPPRAISAL

Several empirical studies have tested and confirmed the administered inflation hypothesis for both the United States and Canada. A close examination of these tests reveals that different authors using similar methods and data sources have reported opposite test results as support for the same theory. This suggests a reconsideration of the theory and the methods of prior tests. This study presents some theoretical objections to the concept of administered inflation, points out several inconsistencies in previous empirical tests and retests the data.

Steven Lustgarten

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