文章基本信息

标题：Understanding inflation persistence: a comparison of different models
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作者：Huw Dixon ; Engin Kara
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2006
出版社：European Central Bank
摘要：This paper adopts the Impulse-Response methodology to under- stand in ation persistence. It has often been argued that existing models of pricing fail to explain the persistence that we observe. We adopt a common general framework which allows for an explicit mod- elling of the distribution of contract lengths and for dierent types of price setting. In particular, we nd that allowing for a distribution of contract lengths can yield a more plausible explanation of in ation persistence than indexation.
关键词：DGE models; in;ation; persistence; price-setting