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Inflation persistence in an era of well-anchored inflation expectations

  • John C. Williams

This Economic Letter examines whether the recent stability of inflation and inflation expectations represents a fundamental shift in the observed behavior of inflation and explores some possible reasons why inflation dynamics may have changed.

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File URL: http://www.frbsf.org/publications/economics/letter/2006/el2006-27.pdf
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Article provided by Federal Reserve Bank of San Francisco in its journal FRBSF Economic Letter.

Volume (Year): (2006)
Issue (Month): oct13 ()
Pages:

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Handle: RePEc:fip:fedfel:y:2006:i:oct13:n:2006-27
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  1. Timothy Cogley & Thomas J. Sargent, 2005. "Drift and Volatilities: Monetary Policies and Outcomes in the Post WWII U.S," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(2), pages 262-302, April.
  2. Christopher J. Erceg & Andrew T. Levin, 2001. "Imperfect credibility and inflation persistence," Finance and Economics Discussion Series 2001-45, Board of Governors of the Federal Reserve System (U.S.).
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