Boschen, John F; Weise, Charles L - In: Journal of Money, Credit and Banking 35 (2003) 3, pp. 323-49
We use a pooled cross-country time series framework to study the factors associated with the start of 73 inflation episodes in OECD countries since 1960. We find that policy-makers' pursuit of high real growth targets and national elections were important factors in initiating inflation...