rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation …

method is based on the comparison of standard log-periodogram regression estimation of the memory parameter with its tapered … parameter under the null, and is therefore estimated by bootstrapping. The test is applied to inflation rates of three …

rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation …

We combine an estimated monetary policy rule featuring time-varying trend inflation and stochastic coefficients with a … medium scale New Keynesian framework calibrated on the U.S. economy. We find the impact of variations in trend inflation on … counterfactual exercises suggest that the change in the Federal Reserve's policy response to inflation is likely to have been the …

theory, however, suggests that these events have large transitory, rather than permanent, effects on economic activity …

horizons and for recursive and rolling estimation schemes. We find that the business cycle does not seem to have an effect on … ; parameter estimation error ; stock returns …