Inflation-Gap Persistence in the U.S.
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We use Bayesian methods to estimate two models of post WWII U.S. inflation rates with drifting stochastic volatility and drifting coefficients. One model is univariate, the other a multivariate autoregression. We define the inflation gap as the deviation of inflation from a pure random walk
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美国国家经济研究局创建时间:
2008-01-01



