Intrinsic Persistence of Wage Inflation in New

Intrinsic Persistence of Wage Inflation in New - jstor

Intrinsic Persistence of Wage Inflation in New. Keynesian Models of the Business Cycles. We derive and estimate a New Keynesian wage Phillips curve that ...

Intrinsic Persistence of Wage Inflation in New Keynesian Models of ...

Our estimation also provides evidence for intrinsic—versus extrinsic—wage inflation persistence. Including our equation in a DSGE macromodel, we generalize ...

Intrinsic persistence of wage inflation in New Keynesian models of ...

Our paper derives and estimates a New Keynesian wage Phillips curve that accounts for intrinsic inertia.

Intrinsic Persistence of Wage Inflation in New Keynesian Models of ...

We derive and estimate a New Keynesian wage Phillips curve that accounts for intrinsic inertia. In line with microevidence on wage setting, ...

Intrinsic persistence of wage inflation in New Keynesian models of ...

Our approach considers a wage-setting model featuring an upward-sloping hazard function, that is based on the notion that the probability of ...

Inflation's Last Half Mile: Higher for Longer?

The inflation literature identifies two categories of persistence: intrinsic persistence and inherited or extrinsic persistence (see, for ...

(PDF) Intrinsic Persistence of Wage Inflation in New Keynesian ...

In line with microevidence on wage setting, we consider a wage-setting model featuring an upward-sloping hazard function, based on the notion ...

Intrinsic persistence of wage inflation in New Keynesian models of ...

Intrinsic persistence of wage inflation in New Keynesian models of the business cycles ; Article · Aufsatz in Zeitschrift ; Article in journal · English · ECONIS - ...

Intrinsic inflation persistence - ScienceDirect.com

This paper shows that intrinsic inflation persistence can be explained with no deviation from optimizing, forward-looking behaviour.

A Theory of Intrinsic Inflation Persistence

(2012) make a similar argument concerning intrinsic persistence in wage inflation. ... persistence, providing a new explanation for the measured ...

Intrinsic persistence of wage inflation in New Keynesian models of ...

Keywords: time-dependent wage adjustments, intrinsic inflation persistence, DSGE model, hybrid Phillips curves, model comparison. 1 Introduction. Micro ...

Intrinsic Persistence of Wage Inflation in New Keynesian Models of ...

We derive and estimate a New Keynesian wage Phillips curve that accounts for intrinsic inertia. In line with microevidence on wage setting, we consider a ...

Trend Inflation, Indexation, and Inflation Persistence in the New ...

Many existing versions of the NKPC abstract from this source of variation and attempt to model inflation persistence purely as a consequence of intrinsic ...

Intrinsic and Inherited Inflation Persistence

Jeffrey C. Fuhrer. Abstract: In the now conventional view of the inflation process, the New Keynesian Phillips. Curve (NKPC) captures most of the ...

Intrinsic inflation persistence - CiteSeerX

Keywords: Inflation persistence; hazard function; time-dependent pricing; New Keynesian ... quadratically detrended log real GDP, wage inflation, and commodity- ...

Untangling Persistent Inflation: Understanding the Factors at Work

Inflation persistence may be understood as intrinsic or extrinsic. Intrinsic persistence emerges from the internal dynamics of price-setting and wage-setting ...

A Theory of Intrinsic Inflation Persistence

It also introduces intrinsic persistence in wage inflation under staggered wage setting, which affects price inflation. With the theory we show that ...

A Theory of Intrinsic Inflation Persistence - ResearchGate

Likewise, the non‐CES aggregator of labor and staggered wage‐setting lead to intrinsic inertia in wage inflation, which enhances the persistence ...

Monetary Policy with Uncertain Inflation Persistence in - IMF eLibrary

Specifically, a high level of uncertainty surrounding wage, profit, and price dynamics requires a more front-loaded increase in interest rates ...

[PDF] Intrinsic Persistence of Wage Inflation in New Keynesian ...

Our paper derives and estimates a New Keynesian wage Phillips curve that accounts for intrinsic inertia. Our approach considers a wage-setting model ...