-practices" and "good-policy" are also contributing factors. Applying the same methods to consumer price inflation, we find that the … post-1984 decline in inflation volatility can be attributed largely to improvements in monetary policy …

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 …

show that this framework is able to explain the positive relationship between the steady state level of inflation and … business cycle inflation volatility observable in the data. In addition, we contribute to the theoretical literature by … prove that the monotonic relationship between steady state inflation level and business cycle inflation volatility holds …

We examine the effect of inflation variability and economic growth using annual historical data on both developing and … inflation variability by the five-year coefficient of variation of inflation, we obtain the following results: (1) For … developing countries, there is significant evidence to suggest that when the rate of inflation exceeds 10% inflation variability …

This paper investigates the effect of inflation uncertainty innovations on inflation over time by considering the … monthly United States data for the time period 1976-2006. In order to investigate the effect of inflation uncertainty … innovation on inflation, a Stochastic Volatility in Mean model (SVM) has been employed. SVM models are generally used to capture …

This paper analyzes the effects of legal central bank independence (CBI) on inflation volatility in developing … countries. We discuss why CBI should curb inflation volatility, independently from its effect via lowering inflation levels … the endogeneity of CBI and inflation. Our results are robust to alternative measurements of the main variables, different …

The uncertainty of U.S. core inflation, measured by the stochastic volatility of forecast errors, has soared to a level … increase after a positive shock to core inflation uncertainty in a vector autoregression. Endogenous changes in household … inflation expectations help to understand the transmission mechanism through which an inflation uncertainty shock generates …

The relationship between inflation and relative price variability (RPV) is widely believed to be positive and stable … but varies significantly in a way that coincides with regime changes of inflation or monetary policy. It was positive in … the high inflation environment of the 1970s and the early 1980s as often reported by numerous earlier studies, but changes …

stationarity, and mixed evidence regarding inflation stationarity. …