Search Results - subject:"Inflation Inertia"

Inflation persistence and exchange rate regime : implications for dynamic adjustment to shocks in a small open economy

Kuralbaeva, Karlygash Z. - In: Journal of macroeconomics 33 (2011) 2, pp. 193-205

Persistent link: https://www.econbiz.de/10009248409

Monetary Misperceptions, Output and Inflation Dynamics

Collard, Fabrice; Dellas, Harris - C.E.P.R. Discussion Papers - 2010

We revisit the contribution of misperceived money to business cycles, and in particular to the inertial dynamics of inflation following a monetary policy shock. We establish three things. First, the difference between preliminary and revised money data captures monetary misperceptions well....

Persistent link: https://www.econbiz.de/10008468616

Fiscal Dominance and Inflation Targeting: Lessons from Turkey

Ersel, Hasan; Ãzatay, Fatih - In: Emerging Markets Finance and Trade 44 (2008) 6, pp. 38-51

the conduct of monetary policy included a high level of exchange rate pass-through, inflation inertia, and a weak banking …

Persistent link: https://www.econbiz.de/10005818597

Long Memory Inflationary Dynamics: The Case of Brazil

Reisen, Valderio; Cribari-Neto, Francisco; Jensen, Mark - In: Studies in Nonlinear Dynamics & Econometrics 7 (2007) 3, pp. 1157-1157

It has been argued by several authors that the inflationary dynamics in Brazil follow a unit root process, thus displaying some inertia. Indeed, Cati, et al. (Journal of Applied Econometrics, 1999) have found that the inflationary dynamics in Brazil are nearly fully inertial. We estimate the...

Persistent link: https://www.econbiz.de/10004966230

Inflation Inertia in Sticky Information Models

Coibion, Olivier - In: Contributions to Macroeconomics 6 (2006) 1, pp. 1374-1374

inertia. I find that four features of the model play a key role in determining inflation inertia: the frequency of information … delivering inflation inertia. The type of monetary policy, money-growth vs. interest rate rules, also matters, with Taylor rules … making inflation inertia less likely than under money growth rules. Adding sticky information in consumption to the model …

Persistent link: https://www.econbiz.de/10005087014

The Optimal Long-Run Inflation Rate for the U.S. Economy

Billi, Roberto M. - Society for Computational Economics - SCE - 2006

This paper characterizes the optimal long-run rate of inflation, consistent with an occasionally binding zero lower bound on nominal interest rates, in a stochastic New Keynesian sticky-price model calibrated to the U.S. economy. This may serve to inform discussions on the design of an...

Persistent link: https://www.econbiz.de/10005342865

Inflation Inertia in Sticky Information Models

Coibion, Olivier - In: Contributions in Macroeconomics 6 (2006) 1, pp. 1-29

inflation inertia. I find that four features of the model play a key role in determining inflation inertia: the frequency of … element in delivering inflation inertia. The type of monetary policy, money-growth vs. interest rate rules, also matters, with … Taylor rules making inflation inertia less likely than under money growth rules. Adding sticky information in consumption to …

Persistent link: https://www.econbiz.de/10015359931

Optimal univariate expectations under high and persistent inflation: new evidence from Turkey

Us, Vuslat; Ozcan, Kıvılcım Metin - In: Physica A: Statistical Mechanics and its Applications 346 (2005) 3, pp. 499-517

The poor performance of sticky-price models with rational expectations in explaining the inflationary inertia in the US economy constitutes the basis for sticky-price models of near-rational expectations in the recent literature. However, previous studies on inflationary inertia in Turkey not...

Persistent link: https://www.econbiz.de/10011058644

Real Wage Rigidities and the New Keynesian Model

Blanchard, Olivier J; Galí, Jordi - C.E.P.R. Discussion Papers - 2005

Most central banks perceive a trade-off between stabilizing inflation and stabilizing the gap between output and desired output. However, the standard new Keynesian framework implies no such trade-off. In that framework, stabilizing inflation is equivalent to stabilizing the welfare-relevant...

Persistent link: https://www.econbiz.de/10005067562

Fair Behavior and Inflation Persistence

Seidel, Gerald - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2005

In their seminal paper Fuhrer and Moore (1995) provide an explanation for the existence of inflation inertia. Driscoll …

Persistent link: https://www.econbiz.de/10005592865