Search Results - subject:"Inflation persistence"

Determinants of inflation and price level differentials across the euro area countries

Andersson, Malin; Masuch, Klaus; Schiffbauer, Marc - 2009

positions and inflation persistence. The persistence in inflation differentials appears to be partly explained by administered …

Persistent link: https://www.econbiz.de/10011605175

The Impact of Reference Norms on Inflation Persistence When Wages are Staggered

Knell, Markus; Stiglbauer, Alfred - 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/10005839480

Timeless perspective vs discretionary policymaking when the degree of inflation persistence is unknown

Paez-Farrell, Juan - School of Business and Economics, Loughborough University - 2009

such a result in a New Keynesian model when the degree of intrinsic inflation persistence is misperceived by the … this stems from the fact that the timeless perspective policy varies more with the degree of inflation persistence than …

Persistent link: https://www.econbiz.de/10008459657

Robust Monetary Policy under Model Uncertainty and Inflation Persistence.

Qin, Li; SIDIROPOULOS, Moïse; Spyromitros, Eleftherios - Bureau d'Économie Théorique et Appliquée (BETA), … - 2009

model is misspecified), the inflation persistence and the output cost of disinflation. Using a simple monetary game model in … which higher preference for robustness of central bank is positively associated with the inflation persistence and thus nega …

Persistent link: https://www.econbiz.de/10005570140

Monetary policy transparency and inflation persistence in a small open economy.

DAI, Meixing; SIDIROPOULOS, Moïse; Spyromitros, Eleftherios - Bureau d'Économie Théorique et Appliquée (BETA), … - 2009

Using a New Keynesian small open economy model, we examine the effects of central bank transparency on inflation … persistence. We have found that more opacity could reinforce the effect of persistent shocks on the level and variability of …

Persistent link: https://www.econbiz.de/10005570162

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/10011597192

Moment matching versus Bayesian estimation: Backward-looking behaviour in a New-Keynesian baseline model

Franke, Reiner; Jang, Tae-Seok; Sacht, Stephen - In: The North American Journal of Economics and Finance 31 (2015) C, pp. 126-154

The paper considers an elementary New-Keynesian three-equation model and compares its Bayesian estimation based on conventional priors to the results from the method of moments (MM), which seeks to match a finite set of the model-generated second moments of inflation, output and the interest...

Persistent link: https://www.econbiz.de/10011191058

Inflation targeting and inflation persistence

Bratsiotis, George; Madsen, Jakob Brøchner; Martin, … - In: Economic and political studies : EPS 3 (2015) 1, pp. 3-17

Persistent link: https://www.econbiz.de/10010477913

A note on comparing deep and aggregate habit formation in an estimated new Keynesian model

Givens, Gregory E. - In: Macroeconomic dynamics 19 (2015) 5, pp. 1148-1166

Persistent link: https://www.econbiz.de/10011309178

Inflation in the G7 : mind the gap(s)?

Morley, James C.; Piger, Jeremy Max; Rasche, Robert H. - In: Macroeconomic dynamics 19 (2015) 4, pp. 883-912

Persistent link: https://www.econbiz.de/10011309202