I make inferences about complicated patterns of structural breaks in inflation dynamics. I extend Chib's (1998 … breaks are modeled as abrupt changes to identify potential regime shifts in economic structure such as a long-run inflation … target, monetary policy, and price-setting behavior. I consider postwar quarterly U.S. inflation rates based on the CPI and …

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 …

aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …