Search Results - subject:"Inflation persistence"

Eijffinger, Sylvester; van der Cruijsen, C.A.B.; … - Tilburg University, Center for Economic Research - 2008

resulting in higher inflation persistence. By using a panel data set on the transparency of 100 central banks we find empirical … support for an optimal intermediate degree of transparency at which inflation persistence is minimized. Our results indicate …

Persistent link: https://www.econbiz.de/10011091607

How Persistent is Indian Inflationary Process, Has it Changed?

Khundrakpam, Jeevan K. - Volkswirtschaftliche Fakultät, … - 2008

Using monthly data for the period 1982:4 to 2008:3, the study analyses the inflation persistence in India in terms of … autoregressive properties and lag response of inflation to systematic monetary policy. It finds inflation persistence to be on the … general, with the decline in mean rate of inflation, persistence in most of the inflation measures also declined. The impact …

Persistent link: https://www.econbiz.de/10011114404

Regional Inflation Persistence: Evidence from Italy

Vaona, Andrea; Ascari, Guido - USI Università della Svizzera italiana - 2008

Regional patterns of inflation persistence have received attention only at a very coarse level of territorial … disaggregation (NUTS3). Our results show that economically backward regions display greater inflation persistence. Moreover, we show …

Persistent link: https://www.econbiz.de/10005102600

Searching for additional sources of inflation persistence : the micro-price panel data approach

Raciborski, Rafal - Nationale Bank van België/Banque national de Belqique (BNB) - 2008

It is often argued that the baseline New-Keynesian model, which relies solely on the notion of infrequent price adjustment, cannot account for the observed degree of inflation sluggishness. Therefore it is a common practice among macro modellers to introduce an ad hoc additional source of...

Persistent link: https://www.econbiz.de/10005060045

Looking for a break in Spanish Inflation Data in the early eighties and assessing persistence

Mota, Maria Teresa; Cunha, Mariana Alves da; Santos, Carlos - Faculdade de Economia e Gestão, Universidade Católica … - 2008

Using the Bai-Perron test, we look for a shift in the conditional mean of an AR representation of Spanish CPI inflation over the period: 1978-2006. It is clear that Spain, as most OECD economies, experienced an inflation slowdown in the early eithgties, which can be related to some policy...

Persistent link: https://www.econbiz.de/10005069730

Inflation persistence, structural breaks and omitted variables: a critical view

Vaona, Andrea - USI Università della Svizzera italiana - 2008

Recent empirical contributions assess time changes in inflation persistence by means of simple autoregressive models …

Persistent link: https://www.econbiz.de/10005030050

Optimal Central Bank Transparency

Cruijsen, Carin A.B. van der; Eijffinger, Sylvester C.W.; … - de Nederlandsche Bank - 2008

resulting in higher inflation persistence. By using a panel data set on the transparency of 100 centralbanks we find empirical … support for an optimal intermediate degree of transparency at which inflation persistence is minimized. Our results indicate …

Persistent link: https://www.econbiz.de/10005030209

Has the Volatility of U.S. Inflation Changed and How?

Grassi, Stefano; Proietti, Tommaso - Volkswirtschaftliche Fakultät, … - 2008

The local level model with stochastic volatility, recently proposed for U.S. by Stock and Watson (Why Has U.S. Inflation Become Harder to Forecast?, Journal of Money, Credit and Banking, Supplement to Vol. 39, No. 1, February 2007), provides a simple yet sufficently rich framework for...

Persistent link: https://www.econbiz.de/10005621448

Modeling Expectations with Noncausal Autoregressions

Lanne, Markku; Saikkonen, Pentti - Volkswirtschaftliche Fakultät, … - 2008

This paper is concerned with univariate noncausal autoregressive models and their potential usefulness in economic applications. We argue that noncausal autoregressive models are especially well suited for modeling expectations. Unlike conventional causal autoregressive models, they explicitly...

Persistent link: https://www.econbiz.de/10005617015

A Microfounded Mechanism of Observed Substantial Inflation Persistence

Harashima, Taiji - Volkswirtschaftliche Fakultät, … - 2008

Recently, it has been argued that trend inflation may be the solution to the puzzle of inflation persistence in the New … inflation persistence will spuriously indicate that inflation is intrinsically substantially persistent and has a backward …

Persistent link: https://www.econbiz.de/10005619478