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• W2108000665 abstract "Characteristics of inflation play a key role in policy formulation and market analysis. Several studies have analyzed inflation persistence and reached diverging conclusions. In this paper, we investigate the dynamics of inflation persistence using fractionally integrated processes and find that there has been a clear decline in inflation persistence in the United States over the past two decades. We also show that the presence of fractional integration in inflation successfully explains previous diverging results. Lastly, we provide some international comparisons to examine the extent to which there has been a commensurate decline in inflation persistence in the other G7 economies." @default.
• W2108000665 created "2016-06-24" @default.
• W2108000665 creator A5022319342 @default.
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• W2108000665 date "2007-09-01" @default.
• W2108000665 modified "2023-09-24" @default.
• W2108000665 title "Dynamics of Persistence in International Inflation Rates" @default.
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• W2108000665 doi "https://doi.org/10.1111/j.1538-4616.2007.00074.x" @default.
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