Piger, Jeremy Max (contributor); … - 2006 - Rev.
Reserve Bank of Richmond Economic Quarterly 79, 1-24.
Gordon, R. J., 1982, “Inflation, Flexible Exchange Rates and the … the Nixon price controls in the early 1970s (a vector of supply shocks,
t
X ).
The distributed lag on inflation,
1 …
t
X , the infinite-horizon forecast of
inflation is equal to
t
z (see Beveridge and Nelson, 1981). Thus,
t
z has …