Browsing Arbeidsnotater / Working Papers by Subject "inflation persistence"

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    • A Note on Inflation Persistence 

      Holden, Steinar; Driscoll, John C. (Working Papers;14/2002, Working paper, 2002)
      Macroeconomists have for some time been aware that the New Keynesian Phillips curve, though highly popular in the literature, cannot explain the persistence observed in actual inflation. We argue that one of the more ...

    • Coordination, Fair Treatment and Inflation Persistence 

      Driscoll, John C.; Holden, Steinar (Working Papers;15/2002, Working paper, 2002)
      Most wage-contracting models with rational expectations fail to replicate the persistence in inflation observed in the data. We argue that coordination problems and multiple equilibria are the keys to explaining inflation ...

    • Inflation Inertia and the Optimal Hybrid Inflation/Price-Level Target 

      Røisland, Øistein (Working Papers;4/2005, Working paper, 2005)
      A hybrid inflation/price-level target combines elements of both inflation and price-level targets. The paper derives a hybrid target within a new Keynesian model with inflation persistence due to price indexation. The ...

    • Price Stability and Inflation Persistence During the International Gold Standard: The Scandinavian Case 

      Grytten, Ola Honningdal; Hunnes, Arngrim (Working Papers;20/2009, Working paper, 2009)
      In the 1870s the three Scandinavian countries Denmark, Norway and Sweden formed the Scandinavian Currency Union. Both the adoption of gold and the monetary union were supposed to lead to price stability in and between these ...