Can the Facts of UK Inflation Persistence be Explained by Nominal Rigidity?

It has been widely argued that inflation persistence since WWII has been widespread and durable and that it can only be accounted for by models with a high degree of nominal rigidity. We examine UK post-war data where after confirming previous studies’ findings of varying persistence due to changing monetary regimes, we find that models with little nominal rigidity are best equipped to explain it.

MoreLess

Year of publication:	2008-05
Authors:	Meenagh, David ; Minford, Patrick ; Nowell, Eric ; Sofat, Prakriti ; Srinivasan, Naveen
Institutions:	C.E.P.R. Discussion Papers
Subject:	Inflation Persistence \| Monetary Regime Shifts \| New Classical \| New Keynesian \| Nominal Rigidity

Online Resource

Check full text access |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 6834
Classification:	E31 - Price Level; Inflation; Deflation ; E37 - Forecasting and Simulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005792133