U.S. inflation volatility in the 1990s and early 2000s was not much different from its level in the 1960s; the decline relative to the 1960s occurred only at quarterly and monthly frequencies.
Sources
- Was There a Great Moderation for Inflation Volatility? (federalreserve.gov)
- https://ideas.repec.org/f/pka393.html (ideas.repec.org)
- https://www.journals.uchicago.edu/doi/10.1086/ma.17.3585284 (journals.uchicago.edu)
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