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http://hdl.handle.net/10419/17863
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| Title: | | When Inflation Persistence Really Matters: Two examples  |
| Authors: | | Kirsanova, Tatiana Vines, David Wren-Lewis, Simon |
| Issue Date: | | 2007 |
| Series/Report no.: | | Kieler Arbeitspapiere 1351 |
| Abstract: | | In this paper we present two examples where the presence of inflation persistence could influence the qualitative nature of monetary policy. In the first case the desirability of a monetary policy regime comes under question when extensive inflation persistence exists. In the second case the direction in which interest rates move following a cost push shock changes when inflation persistence becomes important. In both cases, inflation persistence is central to the process influencing policy. |
| Subjects: | | Inflation Persistence Macroeconomic Stabilisation |
| JEL: | | E63 E61 E52 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
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