English, Article, Journal or magazine article edition: A Note on the Dynamics of Persistence in US Inflation Noriega Antonio E.; Ramos Francia Manuel

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Bookmark: http://trove.nla.gov.au/version/47701
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A Note on the Dynamics of Persistence in US Inflation
Author
  • Noriega Antonio E.
  • Ramos Francia Manuel
Physical Description
  • preprint
Notes
  • Empirical research on the degree and stability of inflation persistence in the US has produced mixed results: some suggest high and unchanged persistence during the last few decades, while others argue in favor of a decline in persistence since the early 1980s. We show that post-WWII US inflation (monthly and quarterly) became highly persistent during the´Great Inflation´ period, and then switched back to a low persistence process during 1984, and has remained stationary until the present day.
  • Inflation, Multiple change in persistence, Stationarity, Great inflation.
  • RePEc:bdm:wpaper:2008-12
Language
  • English
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