Matches in SemOpenAlex for { <https://semopenalex.org/work/W1481179470> ?p ?o ?g. }
Showing items 1 to 77 of
77
with 100 items per page.
- W1481179470 abstract "What generates persistence in in‡ation? Is in‡ation persistence structural? This paper investigates learning as a potential source of persistence in in‡ation. The paper focuses on the price-setting problem of …rms and presents a model that nests structural sources of persistence (indexation) and learning. Indexation is typically necessary under rational expectations to match the inertia in the data and to improve the …t of estimated New Keynesian Phillips curves. The empirical results show that when learning replaces the assumption of fully rational expectations, structural sources of persistence in in‡ation, such as indexation, become unsupported by the data. The results suggest learning behavior as the main source of persistence in in‡ation. This …nding has implications for the optimal monetary policy. The paper also shows how one’s results can heavily depend on the assumed learning speed. The estimated persistence and the model …t, in fact, vary across the whole range of constant gain values. The paper derives the best-…tting constant gains in the sample and shows that the learning speed has substantially changed over time." @default.
- W1481179470 created "2016-06-24" @default.
- W1481179470 creator A5079956810 @default.
- W1481179470 date "2005-01-01" @default.
- W1481179470 modified "2023-10-15" @default.
- W1481179470 title "Adaptive Learning and Inflation Persistence" @default.
- W1481179470 cites W1515760721 @default.
- W1481179470 cites W1977784522 @default.
- W1481179470 cites W2020134360 @default.
- W1481179470 cites W2032153774 @default.
- W1481179470 cites W2076319595 @default.
- W1481179470 cites W2079039632 @default.
- W1481179470 cites W2097503557 @default.
- W1481179470 cites W2108021284 @default.
- W1481179470 cites W2108351401 @default.
- W1481179470 cites W2145106259 @default.
- W1481179470 cites W2151716218 @default.
- W1481179470 cites W2234713676 @default.
- W1481179470 cites W2327309594 @default.
- W1481179470 cites W3022712314 @default.
- W1481179470 cites W3121921953 @default.
- W1481179470 cites W3123524293 @default.
- W1481179470 cites W3123530756 @default.
- W1481179470 cites W3124765495 @default.
- W1481179470 cites W3125450854 @default.
- W1481179470 cites W4210553442 @default.
- W1481179470 cites W4211157577 @default.
- W1481179470 cites W4230025406 @default.
- W1481179470 cites W4247765758 @default.
- W1481179470 doi "https://doi.org/10.2139/ssrn.748865" @default.
- W1481179470 hasPublicationYear "2005" @default.
- W1481179470 type Work @default.
- W1481179470 sameAs 1481179470 @default.
- W1481179470 citedByCount "17" @default.
- W1481179470 countsByYear W14811794702013 @default.
- W1481179470 countsByYear W14811794702017 @default.
- W1481179470 countsByYear W14811794702023 @default.
- W1481179470 crossrefType "journal-article" @default.
- W1481179470 hasAuthorship W1481179470A5079956810 @default.
- W1481179470 hasBestOaLocation W14811794702 @default.
- W1481179470 hasConcept C121332964 @default.
- W1481179470 hasConcept C127313418 @default.
- W1481179470 hasConcept C149782125 @default.
- W1481179470 hasConcept C162324750 @default.
- W1481179470 hasConcept C187320778 @default.
- W1481179470 hasConcept C200941418 @default.
- W1481179470 hasConcept C2781009140 @default.
- W1481179470 hasConcept C33332235 @default.
- W1481179470 hasConcept C556758197 @default.
- W1481179470 hasConceptScore W1481179470C121332964 @default.
- W1481179470 hasConceptScore W1481179470C127313418 @default.
- W1481179470 hasConceptScore W1481179470C149782125 @default.
- W1481179470 hasConceptScore W1481179470C162324750 @default.
- W1481179470 hasConceptScore W1481179470C187320778 @default.
- W1481179470 hasConceptScore W1481179470C200941418 @default.
- W1481179470 hasConceptScore W1481179470C2781009140 @default.
- W1481179470 hasConceptScore W1481179470C33332235 @default.
- W1481179470 hasConceptScore W1481179470C556758197 @default.
- W1481179470 hasLocation W14811794701 @default.
- W1481179470 hasLocation W14811794702 @default.
- W1481179470 hasLocation W14811794703 @default.
- W1481179470 hasOpenAccess W1481179470 @default.
- W1481179470 hasPrimaryLocation W14811794701 @default.
- W1481179470 hasRelatedWork W1822185412 @default.
- W1481179470 hasRelatedWork W1993496311 @default.
- W1481179470 hasRelatedWork W2017131795 @default.
- W1481179470 hasRelatedWork W2025082029 @default.
- W1481179470 hasRelatedWork W2108954098 @default.
- W1481179470 hasRelatedWork W2352063914 @default.
- W1481179470 hasRelatedWork W2899084033 @default.
- W1481179470 hasRelatedWork W3122609267 @default.
- W1481179470 hasRelatedWork W4255972572 @default.
- W1481179470 hasRelatedWork W3123677019 @default.
- W1481179470 isParatext "false" @default.
- W1481179470 isRetracted "false" @default.
- W1481179470 magId "1481179470" @default.
- W1481179470 workType "article" @default.