-from-core inflation persistence model. The flexibility, provided by the kernel and window width, permits the incorporation of the …

) relation between price stickiness and inflation persistence. This has recently been put forward by Bils and Klenow (2004) as …

which ‘observed’ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

This paper investigates how the gains from commitment are large when inflation persistence and data uncertainty coexist …

This paper presents a new mechanism through which monetary policy rules affect inflation persistence. When assuming … account for the pattern of changes in inflation persistence observed in the post-wwii U.S. data. In addition, with increasing …

which ‘observed’ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

which 'observed' inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

targeting for regional inflation persistence. Based on data for Korean cities and provinces it is shown that the adoption of … inflation targeting leads (i) to a fall in inflation persistence at the regional level and (ii) to a reduction in the cross …-regional heterogeneity in inflation persistence. A common factor model lends further support to the role of the common component, and hence …

Purpose The purpose of this paper is to report on a sequential three-stage analysis of inflation persistence using … credible monetary policy. Design/methodology/approach First, the authors estimate inflation persistence in a rolling … inflation persistence that coincide with the implementation of the IT regime, and three IT countries (Sweden, Switzerland, and …