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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17863| Title: | When Inflation Persistence Really Matters: Two examples |
| Keywords: | E63 E61 E52 ddc:330 Inflation Persistence Macroeconomic Stabilisation |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17863 |
| Other Identifiers: | http://hdl.handle.net/10419/17863 ppn:534972985 |
| Appears in Collections: | EconStor |
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