Babecky, Jan; Coricelli, Fabrizio; Horvath, Roman - Center for Economic Research and Graduate Education and … - 2008
The paper provides an empirical analysis of inflation persistence in an inflation targeting country, the Czech Republic, using 412 detailed product-level consumer price indexes underlying the consumer basket over the period from 1994:M1 to 2005:M12. Subject to various sensitivity tests, our...