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 …

This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and … monetary authority should target the consumer price index (CPI) rather than the Domestic Price Index (DPI). When pass …

look at core inflation (excluding food and energy) across 9 large market economies (including the USA, Germany, Japan and …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 …