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dc.contributor.authorDixon, Huwen
dc.contributor.authorKara, Enginen
dc.date.accessioned2010-02-24-
dc.date.accessioned2012-11-02T14:28:11Z-
dc.date.available2012-11-02T14:28:11Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aCardiff University, Cardiff Business School |cCardiffen
dc.relation.ispartofseries|aCardiff Economics Working Papers |xE2008/22en
dc.subject.jelE17en
dc.subject.jelE3en
dc.subject.ddc330en
dc.subject.keywordDSGE modelsen
dc.subject.keywordinflationen
dc.subject.keywordpersistenceen
dc.subject.keywordprice-settingen
dc.subject.stwInflationsrateen
dc.subject.stwPreisrigiditäten
dc.subject.stwLohnrigiditäten
dc.subject.stwBetriebliche Preispolitiken
dc.subject.stwDynamisches Gleichgewichten
dc.subject.stwNeukeynesianische Makroökonomiken
dc.titleCan we explain inflation persistence in a way that is consistent with the micro-evidence on nominal rigidity?-
dc.typeWorking Paperen
dc.identifier.ppn583824455en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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