We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …

We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …

past decade. The reason is that elevated levels of inflation, while normal in a post-pandemic economy, are threatening to … morph into a Great Inflation-level event. Many people do not appreciate that the Great Inflation was a stretch of U …-down. This paper explains the fundamental dynamics of the Great Inflation, and why the Federal Reserve is unlikely to allow it to …

are estimated using output growth, inflation and a short-term interest rate. This paper extends these models by … and volatility of inflation and output but also suggest that these findings extend to money growth and asset prices. The …

for monetary policy abroad to improve the stability of inflation and output in a small open economy. Importantly, how much … to the impact of a policy improvement abroad on inflation persistence in the domestic economy and her exposure to foreign …

monetary policy reduces the persistence of inflation. Taking into account the fractional integration of inflation, we confirm … that inflation dynamics differed considerably across Euro area countries before the start of EMU. Since 1999, however …, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with …

long-run interest rates and inflation expectations into account. We find a strong connection between oil prices and long … strong relationship if inflation and oil prices were driven by monetary policy. The observed magnitude of this relationship … identify oil shocks. -- Oil shocks ; interest rates ; inflation …

monetary policy reduces the persistence of inflation. Taking into account the fractional integration of inflation, we confirm … that inflation dynamics differed considerably across Euro area countries before the start of EMU. Since 1999, however …, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with …

Measures of core inflation enable a central bank to distinguish price movements that are transitory and generated by … core inflation measure called the "trimmed mean" that excludes components with exceptionally large price changes at the … provincial level may offer an alternative means of assessing underlying inflationary pressures. -- Inflation and prices …