This paper analyzes the relationship between sticky information and inflation persistence by implementing a novel approach to estimate the Sticky Information Phillips Curve (SIPC). The degree of sticky information is estimated using a GMM estimator that matches the covariance between inflation...

Using a model of deterministic structural change, we revisit several topics in inflation dynamics explored previously using stochastic, time-varying parameter models. We document significant reductions in inflation persistence and predictability. We estimate that changes in the volatility of...