This paper investigates persistence of Swiss consumer price inflation using aggregate and disaggregate inflation data … covering 1983-2008. We document that persistence of sectoral inflation rates is below persistence of aggregate inflation. Our … main finding is that inflation persistence significantly declines in the early 1990s. An estimated factor model reveals …

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 … remarkably low end-of-sample estimates for inflation persistence …

This paper investigates persistence of Swiss consumer price inflation using aggregate and disaggregate inflation data … covering 1983-2008. We document that persistence of sectoral inflation rates is below persistence of aggregate inflation. Our … main finding is that inflation persistence significantly declines in the early 1990s. An estimated factor model reveals …

persistence of U.S. inflation. We evaluate these features by comparing the out-of-sample forecast performance of two … errors depends on the level of inflation. The results of the comparison show that the parametric quantile forecasts are at … least as accurate as the semi-parametric QAR model, in particular for the core inflation measures. This leads us to conclude …

structural changes would provide a good empirical description of the classical model of inflation for Spain over this long period …. The principle testable implication is that money growth and inflation are cointegrated, ruling out speculative bubbles in … the Spanish inflation rates. …

cannot be dissociated from inflation and money market volatility. Our findings herein provide valuable information and …

In this paper we study 2-state Markov switching VAR models of monthly unemployment and inflation for three countries …: Sweden, United Kingdom, and the United States. The primary purpose is to examine if periods of low inflation are associated … variance in unemployment. In the U.S. case we find that the variance of unemployment is lower in the low inflation regime than …