Mertens, Elmar; Nason, James Michael - In: Quantitative economics : QE ; journal of the … 11 (2020) 4, pp. 1485-1520
(UC) model of inflation and a sticky‐information forecast mechanism. The UC model decomposes inflation into trend and gap … for time‐variation in inflation‐gap persistence as well as in the frequency of forecast updating under sticky information … and acyclical afterwards; (iii) by 1990 sticky‐information inflation forecast updating is less frequent than it was …