regime during a deceleration in economic activity and with headline and core inflation remaining well below the FOMC's 2 … percent inflation target. Moreover, both short- and long-term inflation expectations were drifting lower. These developments …

explain the persistence of inflation. However, both of these theories are inconsistent with the micro data on prices. In this … difference between the GTE and its popular alternatives in terms of inflation persistence, a difference arises when it comes to …

During the Brazilian hyperinflation period (1980-1994), several plans to control the inflation (stabilization plans … aims to analyze, applying econometric tests, if there are structural breakpoints in the inflation series in the moments of … cutting short the inflation) if the inflationary process in the country had not taken massive proportions. Through the tests …

In recent years, activist monetary policy rules responding to inflation and the level of economic activity have been … advanced as a means of achieving effective output stabilization without inflation. Advocates of such policies suggest that … capacity as the primary underlying cause of the 1970s inflation and suggests that apparent differences in the framework …

and inflation rates, which are a proxy of the information stock held by agents. Those in favor of the perfectly informed … dispersion. A change in the inflation level brings a good opportunity to look for the other factors. If price dispersion is … higher during periods of high inflation rates, this means that the information stock held by agents is one of its …

inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …

In this paper we model monthly UK inflation and find that there is some small but significant autocorrelation …, particularly at 12 months. We find that this autocorrelation in monthly inflation leads to significant persistence in the headline … annual inflation figure. A one-off shock to monthly inflation will have an effect on the headline figure equal to 10% of the …