Search Results - subject:"Inflation persistence"

Micro data on nominal rigidity, inflation persistence and optimal monetary policy

Kara, Engin - 2009

difference between the GTE and its popular alternatives in terms of inflation persistence, a difference arises when it comes to …

Persistent link: https://www.econbiz.de/10011506695

The persistence of inflation in Switzerland: Evidence from disaggregate data

Elmer, Simone; Maag, Thomas - 2009

main finding is that inflation persistence significantly declines in the early 1990s. An estimated factor model reveals … that inflation persistence stems from a persistent component that is common to inflation rates across sectors. Both the …

Persistent link: https://www.econbiz.de/10010285847

Working Paper 153

Stiglbauer, Alfred; Knell, Markus - Oesterreichische Nationalbank - 2009

In this paper we present an extension of the Taylor model with staggered wages in which wage-setting is also influenced by reference norms (i.e. by benchmark wages). We show that reference norms can considerably increase the persistence of inflation and the extent of real wage rigidity but that...

Persistent link: https://www.econbiz.de/10010727812

What lies beneath: what can disaggregated data tell us about the behaviour of prices?

Mumtaz, Haroon; Zabczyk, Pawel; Ellis, Colin - Bank of England - 2009

This paper uses a factor-augmented vector autoregression technique to examine the role that macroeconomic and sector-specific factors play in UK price fluctuations at the aggregate and disaggregated levels. Macroeconomic factors are less important for disaggregated prices than aggregate ones....

Persistent link: https://www.econbiz.de/10005038441

Are 'intrinsic inflation persistence' models structural in the sense of Lucas (1976)?

Benati, Luca - European Central Bank - 2009

), the parameters encoding the ‘intrinsic’ component of inflation persistence are not invariant across monetary policy …Following Fuhrer and Moore (1995), several authors have proposed alternative mechanisms to ‘hardwire’ inflation … persistence into macroeconomic models, thus making it structural in the sense of Lucas (1976). Drawing on the experience of the …

Persistent link: https://www.econbiz.de/10005002747

The impact of reference norms on inflation persistence when wages are staggered

Knell, Markus; Stiglbauer, Alfred - European Central Bank - 2009

Persistent link: https://www.econbiz.de/10005002799

Micro data on nominal rigidity, inflation persistence and optimal monetary policy

Kara, Engin - Nationale Bank van België/Banque national de Belqique (BNB) - 2009

difference between the GTE and its popular alternatives in terms of inflation persistence, a difference arises when it comes to …

Persistent link: https://www.econbiz.de/10005005725

The Persistence of Inflation in Switzerland: Evidence from Disaggregate Data

Elmer, Simone; Maag, Thomas - KOF Swiss Economic Institute, Department of Management, … - 2009

Persistent link: https://www.econbiz.de/10005061497

A Local Examination for Persistence in Exclusions-from-Core Measures of Inflation Using Real-Time Data

Tierney, Heather L.R. - Volkswirtschaftliche Fakultät, … - 2009

Using parametric and nonparametric methods, inflation persistence is examined through the relationship between …

Persistent link: https://www.econbiz.de/10005619824

A Local Examination for Persistence in Exclusions-from-Core Measures of Inflation Using Real-Time Data

Tierney, Heather L.R. - Volkswirtschaftliche Fakultät, … - 2009

Using parametric and nonparametric methods, inflation persistence is examined through the relationship between …

Persistent link: https://www.econbiz.de/10005790109