This paper carries out another evaluation on a highly debated property of inflation dynamics, namely its persistence. We study inflation dynamics for the United States since 1959 with a time-varying methodology where the intercept, variance and persistence are allowed to vary over time. We...

In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence across the board. In particular we find euro area...