When Inflation Persistence Really Matters: Two examples

dc.creator	Kirsanova, Tatiana
dc.creator	Vines, David
dc.creator	Wren-Lewis, Simon
dc.date	2007
dc.date.accessioned	2013-10-16T06:57:06Z
dc.date.available	2013-10-16T06:57:06Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/17863
dc.identifier	ppn:534972985
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/17863
dc.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.
dc.language	eng
dc.publisher	Kiel Institute for the World Economy (IfW) Kiel
dc.relation	Kieler Arbeitspapiere 1351
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject	E63
dc.subject	E61
dc.subject	E52
dc.subject	ddc:330
dc.subject	Inflation Persistence
dc.subject	Macroeconomic Stabilisation
dc.title	When Inflation Persistence Really Matters: Two examples
dc.type	doc-type:workingPaper

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