Why is Inflation Skewed? A Debt and Volatility Story
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This paper studies the patterns of inflation skewness in 56 countries. Monthly data suggests that inflation is positively skewed. We investigate linkages between skewness and non-linearity, showing that concavity (convexity) will lead to negative (positive) skewness if the independent variable is
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美国国家经济研究局创建时间:
1994-08-01



