How does competition affect information acquisition of firms and thus the response of inflation and output to monetary … uncertainty about inflation as a non-targeted moment. …

Whittle estimation method, the research examines the longmemory properties of headline inflation through monthly data from … January 1996 to January 2023. The study expands upon existing knowledge of inflation persistence by exploring its changes and … the various patterns of inflation persistence in Europe. The findings reveal significant differences in the persistence of …

Over the past forty years, U.S. inflation has exhibited highly persistent movements. Moreover, these shifts in … inflation have typically had real consequences, implying a "sacrifice ratio," whereby disinflations are typically associated … with recessions and persistent increases in inflation often associated with booms. One hypothesis about the source of the …

, contrary to theoretical predictions, the one-round ahead (publicly known) shock is significant, but future inflation is not …. Our findings cast light on price dynamics when subjects have limited computational capacities. -- Inflation Persistence …