are changes in the volatility of both variables and in the persistence of inflation. Technology shocks explain changes in … output volatility, while a combination of technology, demand and monetary shocks explain variations in the persistence and …

persistence. This view is questioned in the paper using German data on unemployment. A new class of time-series models, the …

rates display a high degree of serial correlation, or `persistence'; (2) the average rate of unemployment has been higher in … also generates other empirically testable hypotheses, concerning cyclical variations in unemployment persistence, the … influence of firing costs and the `discouraged worker' effect on unemployment persistence, and the effect of barriers to the …

aggregate unemployment persistence based on externalities at a market level rather than individual-level persistence. …

The paper provides an empirical analysis of inflation persistence in one of inflation targeting countries, the Czech …, display smaller inflation persistence than durables and processed goods. Inflation seems to be somewhat less persistent after … competition, is found to be negatively related to inflation persistence, suggesting that competition is not conducive to reducing …

the measures of persistence existing in the literature. The regime-dependent persistence also explains the finding that …

externalities. Third, we provide strong confirmation of the existence of persistence. Finally, we reject the view that the …