This chapter examines the concept of inflation persistence in macroeconomic theory. It begins by defining persistence — emphasizing the difference between reduced-form and structural persistence. It then examines a number of empirical measures of reduced-form persistence, considering the...

Perspectives on Econometrics and Applied Economics A Tribute to Sir Clive Granger Edited by Mark P. Taylor Routledge Taylor & Francis Group LONDON A ND NEW YORK Contents 1. Special issue in honour of Clive Granger Mark P. Taylor ...