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|
|New Zealand (1980-1994)||-10.4||0||0|
View the underlying data on epi.org.
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)