This paper analyzes inflation persistence in Iran by applying an autoregressive model and a grid bootstrap method over the period of 1970 to 2011. The findings show that the coefficient of inflation persistence is 0.44 and the absolute value is 0.44 1. This implies that there are at least some...

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity....

Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced...