Search Results - subject:"Inflation persistence"

Small-scale New Keynesian model features that can reproduce lead, lag and persistence patterns

Cassou, Steven Peter; Vázquez, Jesús - In: The B.E. journal of macroeconomics 14 (2014) 1, pp. 267-300

Persistent link: https://www.econbiz.de/10010475520

Persistencia inflacionaria en Costa Rica : precios de servicios y regulados

León Murillo, Jorge; Valerio Berrocal, Marco - In: Revista de ciencias económicas 32 (2014) 2, pp. 155-187

Persistent link: https://www.econbiz.de/10011488415

Measuring inflation persistence in Brazil using a multivariate model

Machado, Vicente da Gama; Portugal, Marcelo Savino - In: Revista brasileira de economia : RBE ; revista da … 68 (2014) 2, pp. 225-241

Persistent link: https://www.econbiz.de/10011446547

Shifts in exchange rate regimes and inflation persistence in Vietnam, 1992 - 2010

Phuc, Nguyen Tran; Nguyen Duc-Tho; Su, Jen-je; Singh, Tarlok - In: Journal of Southeast Asian economies 31 (2014) 2, pp. 256-275

suggest that inflation persistence in Vietnam was systematically higher under a “soft” peg exchange rate regime than under a … “hard” peg. Rolling regressions suggest that inflation persistence peaked during 2004 to 2007, when Vietnam was governed by …A number of studies have found that more flexible exchange rate regimes tend to be associated with greater inflation …

Persistent link: https://www.econbiz.de/10015187965

When Inflation Persistence Really Matters: Two examples

Kirsanova, Tatiana; Vines, David; Wren-Lewis, Simon - 2007

In this paper we present two examples where the presence of inflation persistence could influence the qualitative … inflation persistence exists. In the second case the direction in which interest rates move following a cost push shock changes … when inflation persistence becomes important. In both cases, inflation persistence is central to the process influencing …

Persistent link: https://www.econbiz.de/10010260587

Asymmetric Expectation Effects of Regime Shifts and the Great Moderation

Liu, Zheng; Waggoner, Daniel F.; Zha, Tao - 2007

We assess the quantitative importance of expectation effects of regime shifts in monetary policy in a DSGE model that allows the monetary policy rule to switch between a ?bad? regime and a ?good? regime. When agents take into account such regime shifts in forming expectations, the expectation...

Persistent link: https://www.econbiz.de/10010260592

Endogenous Indexing and Monetary Policy Models

Mash, Richard - 2007

Models in which firms use rules of thumb or partial indexing in their price setting have become prominent in the recent monetary policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We consider the implications of firms choosing the...

Persistent link: https://www.econbiz.de/10010260593

Endogenous Indexing and Monetary Policy Models

Mash, Richard - 2007

Models in which firms use a rule of thumb or partial indexing in price setting are prominent in the recent monetary policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We consider the implications of firms choosing the optimal...

Persistent link: https://www.econbiz.de/10010295244

Euro area inflation persistence in an estimated nonlinear DSGE model

Amisano, Gianni; Tristani, Oreste - 2007

We estimate the approximate nonlinear solution of a small DSGE model on euro area data, using the conditional particle filter to compute the model likelihood. Our results are consistent with previous findings, based on simulated data, suggesting that this approach delivers sharper inference...

Persistent link: https://www.econbiz.de/10011604800

Dynamics and monetary policy in a fair wage model of the business cycle

de la Croix, David; de Walque, Gregory; Wouters, Raf - 2007

other sources of sluggishness to explain the observed high inflation persistence. Second, we confront empirically our fair …

Persistent link: https://www.econbiz.de/10011604826