This paper addresses some issues concerning the definition and measurement of inflation persistence in the context of … assumption for the long run level of inflation and that such long run level should be allowed to vary through time. Second, a non …-parametric measure of persistence is suggested which explores the relation between persistence and mean reversion. Third, inflation …

exhibit a higher degree of persistence, which reflects relatively long lags between inflation and wage adjustments. Endogenous …

In a simple New Keynesian model, we derive a closed form solution for the inflation persistence parameter as a function … inflation and the output gap, we show that the empirically observed changes in U.S. inflation persistence during the period 1975 …) view that inflation persistence should not be considered a structural parameter in the sense of Lucas. …

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 …

The persistence property of inflation is an important issue for not only economists, but, especially for central banks …, given that the degree of inflation persistence determines the extent to which central banks can control inflation. Further …, not only is the level of inflation persistence that is important in economic analyses, but also the question of whether …