NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Inflation-Gap Persistence in the U.S.

Timothy Cogley, Giorgio E. Primiceri, Thomas J. Sargent

NBER Working Paper No. 13749
Issued in January 2008

---- Acknowledgements -----

For comments and suggestions, we thank James Kahn, Spencer Krane, and seminar participants at the Federal Reserve Board, the Federal Reserve Bank of Chicago, the Summer 2007 meetings of the Society for Computational Economics, and the EABCN Workshop on "Changes in Inflation Dynamics and Implications for Forecasting."We are also grateful to Francisco Barillas and Christian Matthes for research assistance. Sargent thanks the National Science Foundation for research support through a grant to the National Bureau of Economic Research. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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