Kiel Working Papers, Kiel Institute for World Economics
No 1351:
When Inflation Persistence Really Matters: Two examples
Tatiana Kirsanova, David Vines and Simon Wren-Lewis
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.
Keywords: Inflation Persistence, Macroeconomic Stabilisation; (follow links to similar papers)
JEL-Codes: E52,; E61,; E63; (follow links to similar papers)
23 pages, June 2007
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Downloadable files:
kap1351.pdf 
Download Statistics
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design Joakim Ekebom
