Search Results - subject:"Inflation persistence"

Rhee, Hyuk Jae; Turdaliev, Nurlan - In: Open economies review 23 (2012) 3, pp. 473-500

Persistent link: https://www.econbiz.de/10009663740

Monetary policy and inflation persistence in the Eurozone

Rodriguez-Fuentes, Carlos J.; Olivera-Herrera, Antonio; … - 2004

conclusions for the working of the ECB monetary policy. KEYWORDS: monetary policy; inflation persistence; currency unions …

Persistent link: https://www.econbiz.de/10011318854

The pricing behaviour of Italian firms: new survey evidence on price stickiness

Fabiani, Silvia; Gattulli, Angela; Sabbatini, Roberto - 2004

This study examines price setting behaviour of Italian firms on the basis of the results of a survey conducted by Banca d’Italia in early 2003 on a sample of around 350 firms belonging to all economic sectors. Prices are mostly fixed following standard mark-up rules, although customer-specific...

Persistent link: https://www.econbiz.de/10011604379

Has euro-area inflation persistence changed over time?

O'Reilly, Gerard; Whelan, Karl - 2004

This paper analyzes the stability over time of the econometric process for Euro-area inflation since 1970, focusing in particular on the behaviour of the so-called persistence parameter (the sum of the coefficients on the lagged dependent variables). Perhaps surprisingly, in light of the Lucas...

Persistent link: https://www.econbiz.de/10011604381

Inflation persistence: facts or artefacts?

Robalo Marques, Carlos - 2004

This paper addresses some issues concerning the definition and measurement of inflation persistence in the context of …-parametric measure of persistence is suggested which explores the relation between persistence and mean reversion. Third, inflation … persistence in the U.S. and the Euro Area is re-evaluated allowing for a time varying mean and it is found that estimates of …

Persistent link: https://www.econbiz.de/10011604417

Explicit inflation objectives and macroeconomic outcomes

Levin, Andrew T.; Natalucci, Fabio M.; Piger, Jeremy M. - 2004

We find evidence that adopting an explicit inflation objective plays a role in anchoring long-run inflation expectations and in reducing the intrinsic persistence of inflation. For the period 1994-2003, private-sector long-run inflation forecasts exhibit significant correlation with lagged...

Persistent link: https://www.econbiz.de/10011604429

Euro area inflation differentials

Angeloni, Ignazio; Ehrmann, Michael - 2004

growth rates arise within the European monetary union. We find that inflation persistence is a key potential explanatory …

Persistent link: https://www.econbiz.de/10011604434

How persistent is disaggregate inflation? An analysis across EU 15 countries and HICP sub-indices

Lünnemann, Patrick; Mathä, Thomas Y. - 2004

This paper analyses the degree of inflation persistence in the EU15, the euro area and each of its member states using … moderate degree of median and mean inflation persistence. For most price indices we are able to reject the unit root hypothesis … the official HICP series. The latter tends to reduce the measured degree of inflation persistence. …

Persistent link: https://www.econbiz.de/10011604461

Staggered price contracts and inflation persistence: some general results

Whelan, Karl - 2004

Despite their popularity as theoretical tools for illustrating the effects of nominal rigidities, some have questioned whether models based on Taylor-style staggered contracts can match the persistence of the empirical inflation process. This paper presents some general theoretical results about...

Persistent link: https://www.econbiz.de/10011604463

Identifying the influences of nominal and real rigidities in aggregate price-setting behavior

Coenen, Günter; Levin, Andrew T. - 2004

We formulate a generalized price-setting framework that incorporates staggered contracts of multiple durations and that enables us to directly identify the influences of nominal vs. real rigidities. Using German macroeconomic data over the period 1975Q1 through 1998Q4 toestimate this framework,...

Persistent link: https://www.econbiz.de/10011604464