Edge, Rochelle M. (contributor); Laubach, Thomas (contributor) - 2003 - [Elektronische Ressource]
intrinsic inertia in wage and
price inflation. On the price front, we nd that in our VAR inflation jumps in response
to an … any intrinsic inflation inertia like that com-
monly found in models used for monetary policy evaluation. On the wage … front, we
nd evidence for signi cant inertia in wages and some intrinsic inertia in nominal wage
inflation. Our results …