Figure H
No evidence of inflation persistence: Percent change in inflation following a large increase in estimated NAIRUs for various OECD countries
| First three years | Second three years | Third three years | |
|---|---|---|---|
| Finland (1980-1986) | -5.2 | 0 | 0 |
| France (1980-1996) | -5.9 | 0 | 0 |
| Germany (1980-2007) | -8.2 | 0 | 0 |
| Ireland (1980-1989) | -8.2 | 5.6 | 6.6 |
| Italy (1980-1996) | -8.9 | 8.6 | -14.4 |
| New Zealand (1980-1994) | -10.4 | 0 | 0 |
| Spain (1980-1995) | -14.4 | 0 | 0 |
| Sweden (1983-1999) | -16.7 | 0 | 0 |
Note: The date range for each country encompasses the period in which the NAIRU changed, as well as the nine years following the NAIRU change.
Source: EPI analysis of Ball (2009)
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