The dynamics of persistence in US inflation

Using a recently developed time-series approach, we show that post-WWII US inflation became highly persistent during the 'Great Inflation' period, and then switched back to a low persistence process during 1984, and has remained stationary until the present day.

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Year of publication:	2009
Authors:	Noriega, Antonio E. ; Ramos-Francia, Manuel
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 105.2009, 2, p. 168-172
Publisher:	Elsevier
Keywords:	Inflation Multiple change in persistence Stationarity Great Inflation

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008474041