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 effective policies for controlling inflation persistence in Iran …

This paper explores the impact of the adoption of inflation targeting (IT) on the dynamics of city-level inflation in … Korea using both aggregate and sector-level data. When looking at aggregate regional inflation, we find that the mean … the literature. We also note a narrowing of the dispersion of regional inflation across cities and a greater degree of …

In this paper, we examine the extent to which monetary policy should respond to movements in sectoral inflation rates … for different responses to inflation in different sectors outperforms a rule which just targets aggregate CPI, as does a … rule that responds only to non food and energy inflation. However, we find that the optimal sectoral rule only leads to a …

-run trade-offs between output and inflation: lower trend inflation flattens the Phillips curve and decreases steady-state output … by increasing markups. We show that the aggregator reduces both the steady-state welfare cost of higher trend inflation … and the inflation-related weight in a model-based welfare function for higher trend inflation. Consequently, optimal trend …

horizon-dependent biases and lower accuracy than simple unconditional uncertainty forecasts. We examine the inflation …