stationarity, and mixed evidence regarding inflation stationarity. …

determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process. The … types of staggered contracts specifications which induce quite different degrees of inflation persistence. The paper shows … that inflation persistence is high when uncertainty about the prevailing degree of inflation persistence is pervasive …

The monetary authorities need a future measure of inflation trend to keep on tracking the inflation on target. Many … alternatives of the core inflation measure have appeared in the recent literature pretending to avoid the deficiencies of the usual … headline inflation index as a predictor. This price index is defined as some weighted average of the individual price change of …

conditions and to any form of intertemporal or nominal-real links. They are easy to employ in practice, using inflation protected … bonds to infer real rates. With a time-varying inflation target, they can implement arbitrary inflation dynamics, including …

developed here to test for unit roots in OECD panels of gross domestic products and inflation rates, yielding inference robust … to the `Great Moderation.' We find little evidence of trend stationarity, and mixed evidence regarding inflation …