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- Title
Interpreting Inflation Persistence: Comments on the Conference on “Quantitative Evidence on Price Determination”.
- Authors
WOODFORD, MICHAEL
- Abstract
The article focuses on advancements in price-setting behavior in the past decade. The article references a recent study of evidence on price-setting in the euro area by Eurosystem's Inflation Persistence Network comparing alternative models in light of three types of evidence: aggregate time series, individual price data, and surveys of the opinions of price setters.
- Subjects
PHILLIPS curve; PRICE inflation; MATHEMATICAL models of monetary policy; PRICES; MATHEMATICAL models of economics; ECONOMICS
- Publication
Journal of Money, Credit & Banking (Wiley-Blackwell), 2007, Vol 39, p203
- ISSN
0022-2879
- Publication type
Article
- DOI
10.1111/j.1538-4616.2007.00024.x