Has the Inflation Process Changed

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Subfields: Finance

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Understanding the Evolving Inflation Process (2007, background): “8 See, for example, Levin and Piger (2003), Gadzinski and Orlandi (2004), and Cecchetti and Debelle (2006). 9 See, for example, the argument in Benati (2006) that inflation persistence is not “structural in the sense of Lucas.”
Instability and Nonlinearity in the Euro-Area Phillips Curve (2012, unknown): “Moreover, in recent years a number of studies have documented important changes also in the degree of inflation persistence (Cecchetti and Debelle, 2006).”
Monetary Policy Regime Shifts and Inflation Persistence (2009, unknown): “The results indicate that monetary policy was active in responding to inflation throughout the latter half of the 1950s and most (1)Some recent examples include Cogley and Sargent (2001), Stock (2001), Gadzinski and Orlandi (2004), Cecchetti and Debelle (2006), Clark (2006), Levin and Piger (2006), ”
Noncausal Autoregressions for Economic Time Series (2010, unknown): “…typically measures based on univariate autoregressive models, such as the cumulative impulse response (CIR) (Andrews and Chen (1994)), have indicated quite high persistence of inflation in industrialized countries (for a survey of the recent empirical literature, see Cecchetti and Debelle (2006)).”