Inflation Persistence: Does Credibility of the Monetary Regime Matter?

被引：0
|
作者：
Srinivasan, Naveen [1 ]
Kumar, Pankaj [1 ,2 ]
机构：
[1] Indira Gandhi Inst Dev Res, Bombay, Maharashtra, India
[2] Reserve Bank India, Bombay, Maharashtra, India
来源：
ECONOMICS BULLETIN | 2012年 / 32卷 / 04期
关键词：
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Despite widespread recognition that credibility is an important determinant of inflation persistence, surprisingly little empirical evidence exists to support this hypothesis. We investigate this hypothesis using data for US and UK. Our results suggest that the degree of inflation persistence is strongly influenced by regime credibility.
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页码：2944 / 2954
页数：11
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