In general, central banks are concerned with keeping the inflation rate stable while also sustaining output close to an … efficient level. Under "inflation targeting", forecasts of the evolution of the general price level are an essential input for … policy decisions and these are usually released in quarterly "Inflation Reports". The costs and benefits of transparency in …

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 …

This paper examines persistence in Turkish inflation rates using data from consumer and wholesale price indices. The …. Persistence of seventy-five inflation series at various aggregation levels are examined by estimating models that allow long … effect of a shock to dissipate. We find that disaggregate inflation series show no significant persistence. We found that …

inflation persistence emphasizes the role of credible monetary policy in inflation dynamics …This paper analyzes euro area and U.S. inflation dynamics since the beginning of the 1990s by estimating New Keynesian … hybrid Phillips curves with time-varying parameters. We measure inflation expectations by subjective forecasts from Consensus …

inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …

A statistically significant relationship between the unemployment gap and inflation can be found for a clear majority … slack on inflation can often be dominated by other shocks, including imported inflation. The current Secretariat Phillips … curve specification assumes inflation expectations are anchored at the central bank’s target, although some experimentation …

This paper empirically investigates the impact of inflation targeting on inflation uncertainty. We implement PARCH and … GARCH methodologies to model conditional variance of inflation. We also investigate the relationship between level and … volatility of inflation to analyze the validity of the Friedman hypothesis for IT countries. We find that most of the inflation …

This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively … detect any shifts in the degree of persistence, and also run rolling-window and recursive regressions to investigate its …

This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively … detect any shifts in the degree of persistence, and also run rolling-window and recursive regressions to investigate its …