In a simple New Keynesian model, we derive a closed form solution for the inflation-gap persistence parameter as a … to inflation and the output gap, we show that the empirically observed changes in U.S. inflation-gap persistence during …

In a simple New Keynesian model, we derive a closed form solution for the inflation-gap persistence parameter as a … to inflation and the output gap, we show that the empirically observed changes in U.S. inflation-gap persistence during …

In a simple New Keynesian model, we derive a closed form solution for the inflation-gap persistence parameter as a … to inflation and the output gap, we show that the empirically observed changes in U.S. inflation-gap persistence during …

price reset hazard function can generate simulated data that are consistent with inflation gap persistence found in US CPI …

price reset hazard function can generate simulated data that are consistent with inflation gap persistence found in US CPI …

policy aggressiveness and inflation gap persistence. …

evidence in favour of regime shifts and time-variation of the inflation target. We also find a drop in the inflation gap … persistence when entering the Great Moderation sample. Estimated Taylor rule parameters and regimes are robust across different …

evidence in favour of regime shifts and time-variation of the inflation target. We also find a drop in the inflation gap … persistence when entering the Great Moderation sample. Estimated Taylor rule parameters and regimes are robust across different …