The Dynamics of US Inflation: Can Monetary Policy Explain the Changes?
Fabio Canova () and
Filippo Ferroni ()
No 471, Working Papers from Barcelona Graduate School of Economics
We investigate the relationship between monetary policy and inflation dynamics in the US using a medium scale structural model. The specification is estimated with Bayesian techniques and fits the data reasonably well. Policy shocks account for a part of the decline in inflation volatility
Keywords: New Keynesian model; Bayesian methods; monetary policy; Inflation dynamics (search for similar items in EconPapers)
JEL-codes: E52 E47 C53 (search for similar items in EconPapers)
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Journal Article: The dynamics of US inflation: Can monetary policy explain the changes? (2012)
Working Paper: The dynamics of US inflation: Can monetary policy explain the changes? (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:bge:wpaper:471
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