Inflation persistence and robust monetary policy design
نویسندگان
چکیده
منابع مشابه
Inflation persistence, inflation expectations, and monetary policy in China
a r t i c l e i n f o This paper constructs a quarterly series of GDP deflator inflation for China from 1979 to 2009 and tests for a structural break with an unknown change point in the dynamic inflation process. Empirical results suggest a significant structural change in inflation persistence. Employing a counterfactual simulation method, we show that the structural change is primarily attrib...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2007
ISSN: 0165-1889
DOI: 10.1016/j.jedc.2005.09.012