Apart from the well-known, high persistence of daily financial volatility data, there is also a short correlation …

persistence: even after successful macroeconomic stabilizations, dollarization ratios often remain high. In this paper we claim … that this persistence is connected to the fact that the participants in the dollar deposit market are fairly heterogenous … ability to process information, which turns out to be enough to generate persistence upon aggregation. We find empirical …

inverse persistence term structure in the sense that the short term interest rates show the highest persistence, while the … long term rates are closer to the GBM's neutral persistence. The simulations of the identified MMAR are compared with the …

monetary DSGE models and endogenously generate realistic levels of persistence. The paper starts with an agnostic view …, developing a model that nests learning and some of the structural sources of persistence, such as habit formation in consumption … and inflation indexation, that are typically needed in monetary models with rational expectations to match the persistence …

persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker’s disinflation (1979-1982). My …-Volcker period. I construct a simple model of how different monetary policies lead to different persistence equilibria. …