Inflation Persistence

Has the Inflation Process Become More Persistent? Evidence from ...

This note reviews inflation dynamics across selected major advanced economies and finds that the inflation process has indeed become more inertial.

Untangling Persistent Inflation: Understanding the Factors at Work

We explore factors contributing to the persistence of inflation, such as intrinsic persistence, complementarities, indexation, unanchoring of expectations, ...

Inflation Persistence - ScienceDirect.com

Because output is persistent, the expected change in inflation must be positive for as long as output remains negative. But ultimately, inflation will have to ...

Inflation Persistence - Federal Reserve Bank of Boston

curves like those in equation 1.1 add persistence to inflation beyond that inherited from output—the lags of inflation imply persistent effects of past shocks ...

How Persistent Is Inflation? | Richmond Fed

In recent decades, the persistence of inflation has been low, especially when compared to the high inflation of the late 1970s and early 1980s.

Where Is Inflation Persistence Coming From?

Indeed, while the decline in the inflation trend since early 2023 was initially due to declines in the aggregate core goods and non-housing ...

Understanding inflation persistence: a comparison of different models

Keywords: DGE models, inflation, persistence, price-setting. JEL: E17, E3. 4. ECB. Working Paper Series No 672.

Multivariate Core Trend Inflation - Federal Reserve Bank of New York

The Multivariate Core Trend (MCT) model measures inflation's persistence in the seventeen core sectors of the personal consumption expenditures (PCE) price ...

Monetary Policy with Uncertain Inflation Persistence

Summary. When uncertain about inflation persistence, central banks are well-advised to adopt a robust strategy when setting interest rates. This ...

Untangling Persistent versus Transitory Shocks to Inflation

Persistent shocks can push inflation away from the Fed's goal for sustained periods, requiring a stronger and longer-lasting policy response to bring average ...

Inflation Persistence - jstor

In the original work of Taylor [1980], wages are linked to prices with a simple price markup equation, so that the implica- tions for wages and wage inflation ...

Inflation Persistence, the NAIRU, and the Great Recession

Inflation Persistence, the NAIRU, and the Great Recession by Mark W. Watson. Published in volume 104, issue 5, pages 31-36 of American Economic Review, ...

Inflation Persistence* | The Quarterly Journal of Economics

Abstract. This paper demonstrates that the behavior of the conventional Phelps-Taylor model of overlapping wage contracts stands in stark contrast with ...

Inflation Persistence Network (IPN): Brief summary

Inflation Persistence Network (IPN): Brief summary: Inflation Persistence and Price Setting Behaviour in the Euro Area · Under the current monetary policy ...

Inflation persistence: facts or artefacts? - CiteSeerX

In particular, the empirical evidence shows that the widespread accepted wisdom that inflation has been more persistent in the sixties and seventies than in the ...

Inflation persistence and monetary policy − speech by Huw Pill

Inflation persistence and monetary policy − speech by Huw Pill ... In this speech Huw Pill discusses the outlook for the economy, including how ...

Inflation Persistence - Federal Reserve Bank of Boston

It begins with a definition of persistence, emphasizing the difference between reduced-form and structural persistence. It then examines a number of empirical ...

Expectations' Anchoring and Inflation Persistence

We find that these shocks have a significant and persistent effect on consumer price inflation when expectations are poorly anchored. By ...

Perceived Inflation Persistence - Bank of Canada

Section 2 reviews the literature related to the study of inflation persistence and the use of data obtained from surveys of professional forecasters. Section 3 ...

Inflation Persistence: How Much Is There and Where Is It Coming ...

In this post, we address this question through a quantitative lens. We find that the large ups and downs in inflation over the course of 2020 were largely the ...