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dc.contributor.authorDixon, Huwen_US
dc.contributor.authorKara, Enginen_US
dc.date.accessioned2010-02-24en_US
dc.date.accessioned2012-11-02T14:28:11Z-
dc.date.available2012-11-02T14:28:11Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/65784-
dc.description.abstractThis 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. We also evaluate how far the theories are consistent with recent evidence on price and wage rigidity. We find that allowing for a distribution of durations can take us a long way to solving the puzzle of inflation persistence, but not all the way yet.en_US
dc.language.isoengen_US
dc.publisherCardiff Univ, Cardiff Business School, Economics Section Cardiffen_US
dc.relation.ispartofseriesCardiff Economics Working Papers E2008/22en_US
dc.subject.jelE17en_US
dc.subject.jelE3en_US
dc.subject.ddc330en_US
dc.subject.keywordDSGE modelsen_US
dc.subject.keywordinflationen_US
dc.subject.keywordpersistenceen_US
dc.subject.keywordprice-settingen_US
dc.subject.stwInflationsrateen_US
dc.subject.stwPreisrigiditäten_US
dc.subject.stwLohnrigiditäten_US
dc.subject.stwBetriebliche Preispolitiken_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwNeukeynesianische Makroökonomiken_US
dc.titleCan we explain inflation persistence in a way that is consistent with the micro-evidence on nominal rigidity?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn583824455en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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