The dynamics of persistence in US inflation

Antonio Noriega () and Manuel Ramos-Francia
Authors registered in the RePEc Author Service: Manuel Ramos Francia

Economics Letters, 2009, vol. 105, issue 2, 168-172

Abstract: Using a recently developed time-series approach, we show that post-WWII US inflation became highly persistent during the 'Great Inflation' period, and then switched back to a low persistence process during 1984, and has remained stationary until the present day.

Keywords: Inflation; Multiple; change; in; persistence; Stationarity; Great; Inflation (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (25)

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