This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively …-Bretton Woods changes in UK inflation are attributable to a fall in the volatility of permanent shocks. …

This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively …-Bretton Woods changes in UK inflation are attributable to a fall in the volatility of permanent shocks. …