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Price Stability in the Periphery during the International Gold Standard: Scandinavia

  • Chapter
The Gold Standard Peripheries

Abstract

According to Willis, there are two main statistical measures that have been employed in recent research when investigating inflation dynamics. These are Volatility, or how much inflation varies quarter to quarter or year to year; and persistence, or the speed with which inflation returns to baseline after a shock’.1 Furthermore, ‘Other things equal, less persistence leads to less variability. Lower persistence is associated with faster but smaller swings in inflation over time that, in statistical terms, reduce the overall variability of inflation.’2

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Authors
  1. Ola Honningdal Grytten
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  2. Arngrim Hunnes
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Editor information

Editors and Affiliations

  1. Department of Economic History, Uppsala University, Sweden

    Anders Ögren (Associate Professor at UCBH) (Associate Professor at UCBH)

  2. Norwegian School of Economics, Norway

    Lars Fredrik Øksendal (researcher affiliated) (researcher affiliated)

Copyright information

© 2012 Ola Honningdal Grytten and Arngrim Hunnes

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Grytten, O.H., Hunnes, A. (2012). Price Stability in the Periphery during the International Gold Standard: Scandinavia. In: Ögren, A., Øksendal, L.F. (eds) The Gold Standard Peripheries. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230362314_4

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