- Intrinsic inflation persistence🔍
- Untangling Persistent Inflation🔍
- A Theory of Intrinsic Inflation Persistence🔍
- Inflation persistence and monetary policy − speech by Huw Pill🔍
- Intrinsic and Inherited Inflation Persistence🔍
- Inflation persistence🔍
- Intrinsic Inflation Persistence🔍
- Measuring inflation persistence🔍
Intrinsic Inflation Persistence
Intrinsic inflation persistence - ScienceDirect.com
When “catch-up” dominates “roll-back”, aggregate inflation remains positive even though the original shock has gone. This gives rise to inflation persistence ...
Untangling Persistent Inflation: Understanding the Factors at Work
Intrinsic inflation persistence can emerge from the fact that price changes are staggered across firms or products, as not all firms change their prices ...
Intrinsic inflation persistence - CiteSeerX
Keywords: Inflation persistence; hazard function; time-dependent pricing; New Keynesian. Phillips curve. ∗I thank Petra Geraats for many helpful discussions. I ...
A Theory of Intrinsic Inflation Persistence
We propose a novel theory of intrinsic inflation persistence by introducing trend inflation and variable elasticity of demand in a model with staggered ...
A Theory of Intrinsic Inflation Persistence - Wiley Online Library
With the theory we show that inflation exhibits a persistent, hump-shaped response to monetary policy shocks. We also demonstrate that lower ...
A Theory of Intrinsic Inflation Persistence
With the theory we show that inflation exhibits a persistent, hump-shaped response to monetary policy shocks. We also demonstrate that lower ...
Inflation persistence and monetary policy − speech by Huw Pill
Rather than being driven by a series of external shocks, greater intrinsic inflation persistence emerges when the economy's response to the same ...
First, the “driving process” for inflation—the output gap or, more commonly, real marginal cost—is itself quite persistent, and a casual inspection of the NKPC ...
Intrinsic inflation persistence - LSE Research Online
This paper shows that intrinsic inflation persistence can be explained with no deviation from optimizing, forward-looking behaviour if prices ...
A Theory of Intrinsic Inflation Persistence - IDEAS/RePEc
Abstract. We propose a novel theory of intrinsic inflation persistence by introducing trend inflation and Kimball (1995)‐type aggregators of individual ...
The results suggest that the costs of implementing a stabilization policy when the policymaker overestimates the degree of intrinsic persistence are potentially ...
Intrinsic Inflation Persistence - Centre for Economic Performance - LSE
It is often argued that the New Keynesian Phillips curve is at odds with the data because it cannot explain inflation persistence — the difficulty of ...
Inflation persistence - EconStor
If inflation exhibits intrinsic persistence, then a model of inflation may require the equivalent of the lags in equation 1.1 above. In this early literature, ...
Measuring inflation persistence: a structural time series approach
Third, in order to disentangle intrinsic and extrinsic persistence, the persistence in macroeconomic shocks hitting inflation should be modelled as well. In the ...
The results suggest that the costs of implementing a stabilization policy when the policymaker overestimates the degree of intrinsic persistence are potentially ...
Intrinsic and Inherited Inflation Persistence - IJCB - September 2006
This paper shows that, in practice, inflation in the NKPC inherits very little of the persistence of the driving process, and it is intrinsic persistence that ...
(Research Paper) A Theory of Intrinsic Inflation Persistence - 日本銀行
With the theory we show that inflation exhibits a persistent, hump-shaped response to monetary policy shocks. We also demonstrate that lower ...
Intrinsic Inflation Persistence - IDEAS/RePEc
Abstract. It is often argued that the New Keynesian Phillips curve is at odds with the data because it cannot explain inflation persistence — the difficulty of ...
Intrinsic and Inherited Inflation Persistence
inherit? this persistence. Second, a modest amount of backward-looking or indexing behavior imparts some ?intrinsic? persistence to inflation. This latter ...
Huw Pill: Inflation persistence and monetary policy
This naturally leads to what I label intrinsic persistence in headline inflation. Rather than being driven by a series of external shocks, ...