of pricing behavior. The effect of market structure on persistence of inflation results from two conflicting forces … the frequency of price changes depends negatively on the price dispersion and positively on the product-specific inflation …

Inflation persistence has been put forward as one of the potential reasons of divergence among euro area members. It … NMS went through, are applied. We emphasize that a time-varying mean models suggest similar or lower inflation persistence … due to frequent breaks in inflation time series in the NMS. Structural persistence measures show that backward …

It has been widely argued that inflation persistence since WWII has been widespread and durable and that it can only be … best equipped to explain it. -- inflation persistence ; New Keynesian ; New Classical ; nominal rigidity ; monetary regime …

inflation and real rigidity. Analytically, I find that important dynamics in the NKPC are canceled out due to the restrictive … dynamic structure introduced by the non-constant hazards is also quantitatively important to the inflation dynamics …. Incorporation of real rigidity and trend inflation strengthen this effect even further. With reasonable parameter values, the model …

-dependence; for periods of relatively high and volatile inflation not only the size of price changes (intensive margin) but also the … fraction of price adjustment (extensive margin) is important for aggregate inflation dynamics. Moreover, at the business cycle … frequency, variations in the extensive margin explain a large fraction of inflation variability even for moderate inflation …

-varying inflation persistence as an important issue for monetary policy. We determine not only the location and significance of breaks … in persistence, but also the number of breaks. Only one significant break in U.S. inflation persistence (measured by the … integration ; break in persistence ; unknown break point ; inflation dynamics …

good inflation. In addition, the Ramsey optimal monetary policy can be approximated reasonably well with a Taylor …-type interest rate rule with weights on both inflation rates and output. -- Inflation and Output Persistence ; Monetary Policy …

This paper aims to contribute to our understanding of inflation dynamics in the United Kingdom by estimating two …

, 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 …