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- W1505584934 abstract "This paper adopts the Impulse-Response methodology to understand inflation persistence. It has often been argued that existing models of pricing fail to explain the persistence that we observe. We adopt a common general framework which allows for an explicit modelling of the distribution of contract lengths and for different types of price setting. In particular, we find that allowing for a distribution of contract lengths can yield a more plausible explanation of inflation persistence than indexation." @default.
- W1505584934 created "2016-06-24" @default.
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- W1505584934 date "2006-09-01" @default.
- W1505584934 modified "2023-09-25" @default.
- W1505584934 title "Understanding Inflation Persistence: A Comparison of Different Models" @default.
- W1505584934 hasPublicationYear "2006" @default.
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