Arbeitspapier
Can the facts of UK inflation persistence be explainded by nominal rigidity
It has been widely argued that inflation persistence since WWII has been widespread and durable and that it can only be accounted for by models with a high degree of nominal rigidity. We examine UK post-war data where after confirming previous studies findings of varying persistence due to changing monetary regimes, we find that models with little nominal rigidity are best equipped to explain it.
- Sprache
-
Englisch
- Erschienen in
-
Series: Cardiff Economics Working Papers ; No. E2008/7
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
- Thema
-
inflation persistence
New Keynesian
New Classical
nominal rigidity
monetary regime shifts
Inflation
Dauer
Geldpolitik
Preisrigidität
Großbritannien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Meenagh, David
Minford, Patrick
Nowell, Eric
Sofat, Prakriti
Srinivasan, Naveen
- Ereignis
-
Veröffentlichung
- (wer)
-
Cardiff University, Cardiff Business School
- (wo)
-
Cardiff
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Meenagh, David
- Minford, Patrick
- Nowell, Eric
- Sofat, Prakriti
- Srinivasan, Naveen
- Cardiff University, Cardiff Business School
Entstanden
- 2008
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