perspectives in the presence of misperceptions about the degree of intrinsic inflation persistence. Contrary to most standard …

structural change in inflation persistence. Employing a counterfactual simulation method, we show that the structural change is …

According to one definition inflation persistence is the time that it takes for the inflation to return to its long run … level after a shock. If this time is long it means that inflation persistence is high. If the economic structure poseses … affected the persistence value. In general it is found that while the average of CPI inflation persistence is about 0.60, this …

generates inflation persistence, but this is a consequence of their assuming that workers care about the past real wages of … obtains the standard formulation with no inflation persistence. …

data. We argue that coordination problems and multiple equilibria are the keys to explaining inflation persistence. We …

data. We argue that coordination problems and multiple equilibria are the keys to explaining inflation persistence. We …

setting causes inflation persistence. We analyse how the endogeneity of the capital stock changes the macroeconomic dynamics …

a significant reduction in inflation persistence following the adoption of inflation targeting. The speed by which … persistence. Measuring the performance of monetary policy strategies in terms of inflation persistence rather than the level of …