Author: Kim B.J.C.

Source: Applied Economics, Volume 29, Number 5, 1 May 1997 , pp. 683-691(9)

Publisher: Routledge, part of the Taylor & Francis Group

Abstract:

The cyclical behaviour of prices and inflation is investigated for G-7 and seven non-G7 countries for the postwar period. The quarterly prices are shown to be clearly countercyclical in the G-7 countries, while they are much less so in the non-G7 countries. Inflation is shown to move procyclically and this is more clearly pronounced in the G-7 than non-G7 countries. This discrepancy in results may result from the demand-management policies that these non-G7 countries have adopted in the past and this cautions the students of business cycles to pay attention to the peculiarities of each economy when modelling the business cycle.

Language: English

Document Type: Research article

Publication date: 1997-05-01

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