Research Discussion Paper – RDP 2004-04 Inflation Convergence Across Countries

Contents

• Introduction
• Inflation Convergence
• How Pervasive is Inflation Convergence?
• Policy as an Explanation for Inflation Convergence
• Inflation Convergence in US Metropolitan Regions
• Conclusion
• Appendix A: Sensitivity Analysis
• References

I am grateful to Glenn Stevens for conversations that initiated work on this paper and to Stephen Cecchetti, Ellis Connolly, Guy Debelle, Alex Heath, Jonathan Kearns, Marion Kohler and Anthony Richards for invaluable comments and suggestions. Any errors are my own. The views expressed in this paper are those of the author and should not be attributed to the Reserve Bank of Australia.