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both time series and panel unit root tests in order to analyze the stationarity properties of deviation of inflation from …The popularity of inflation targeting has risen in the last decade and the number of countries that adopted inflation … targeting as their monetary policy framework surpassed 40 by the end of 2016. This study analyzes whether inflation targeting …
Persistent link: https://www.econbiz.de/10012016727
We study the dynamics of inflation persistence in 45 countries for the period 1960-2008. We use a nonparametric unit … inflation data, and a test for multiple changes in persistence, which decomposes the sample information between adjacent I(0 …) and I(1) periods. We find that (1) With very few exceptions, inflation around the world rejects a unit root, (2) for …
Persistent link: https://www.econbiz.de/10010322567
Empirical research on the degree and stability of inflation persistence in the US has produced mixed results: some …-WWII US inflation (monthly and quarterly) became highly persistent during the 'Great Inflation'period, and then switched back …
Persistent link: https://www.econbiz.de/10010322575
When indexation is endogenous price level targeting slightly adds to economic stability, contrary to widespread fears to the contrary. The aggregate supply curve flattens and the aggregate demand curve steepens, increasing stability in the face of supply shocks.
Persistent link: https://www.econbiz.de/10010322829
both time series and panel unit root tests in order to analyze the stationarity properties of deviation of inflation from …The popularity of inflation targeting has risen in the last decade and the number of countries that adopted inflation … targeting as their monetary policy framework surpassed 40 by the end of 2016. This study analyzes whether inflation targeting …
Persistent link: https://www.econbiz.de/10012217602
Persistent link: https://www.econbiz.de/10011548575
When indexation is endogenous price level targeting slightly adds to economic stability, contrary to widespread fears to the contrary. The aggregate supply curve flattens and the aggregate demand curve steepens, increasing stability in the face of supply shocks.
Persistent link: https://www.econbiz.de/10011516965