منابع مشابه
Intrinsic and Inherited Inflation Persistence
In the conventional view of inflation, the New Keynesian Phillips curve (NKPC) captures most of the persistence in inflation. The sources of persistence are twofold. First, the “driving process” for inflation is quite persistent, and the NKPC implies that inflation must “inherit” this persistence. Second, backward-looking or indexing behavior imparts some “intrinsic” persistence to inflation. T...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2010
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2010.10.002