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.
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© 1993 The Bank of Japan
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Parkin, M., Bryant, R.C., Jenkins, P. (1993). Inflation in North America. In: Shigehara, K. (eds) Price Stabilization in the 1990s. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12893-8_4
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