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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 … detect any shifts in the degree of persistence, and also run rolling-window and recursive regressions to investigate its …
Persistent link: https://www.econbiz.de/10011815117
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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 … detect any shifts in the degree of persistence, and also run rolling-window and recursive regressions to investigate its …
Persistent link: https://www.econbiz.de/10012921881
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 … detect any shifts in the degree of persistence, and also run rolling-window and recursive regressions to investigate its …
Persistent link: https://www.econbiz.de/10012917992
In general, central banks are concerned with keeping the inflation rate stable while also sustaining output close to an … efficient level. Under "inflation targeting", forecasts of the evolution of the general price level are an essential input for … policy decisions and these are usually released in quarterly "Inflation Reports". The costs and benefits of transparency in …
Persistent link: https://www.econbiz.de/10011880436
This paper examines persistence in Turkish inflation rates using data from consumer and wholesale price indices. The …. Persistence of seventy-five inflation series at various aggregation levels are examined by estimating models that allow long … effect of a shock to dissipate. We find that disaggregate inflation series show no significant persistence. We found that …
Persistent link: https://www.econbiz.de/10014217478
inflation persistence emphasizes the role of credible monetary policy in inflation dynamics …This paper analyzes euro area and U.S. inflation dynamics since the beginning of the 1990s by estimating New Keynesian … hybrid Phillips curves with time-varying parameters. We measure inflation expectations by subjective forecasts from Consensus …
Persistent link: https://www.econbiz.de/10013081651