Wang, Pengfei (contributor); Wen, Yi (contributor) - 2006 - Rev.
-information model.
Table 1. Cross-Country Correlations in In�ation (Mean = 0:62)
Canada England France Germany Italy Japan USA
Canada 1 ….30)
Italy 1 0.67 (0.25) 0.76 (0.82)
Japan 1 0.70 (0.16)
USA 1
What is more interesting about the output-in�ation dynamics … positively correlated. The
minimum value is 0:26 (between Germany and the USA), the maximum is 0:92 (between France
and Italy …