We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price … data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state …-dependent price adjustment. Most importantly, the differences in unconditionalʺ sectoral price flexibility are found to be linked to …

, neither the fat-tails of return data nor the price relationship between an asset of interest and the bench market portfolio …

Risk neutral densities (RND) can be used to forecast the price of the underlying basis for the option, or it may be … used to price other derivates based on the same sequence. The method adopted in this paper to calculate the RND is to firts … estimate daily the diffusion process of the underlying futures contract for foreign exchange, based on the price of the …

money for future price movements is examined. Adapting an in-sample analysis, Divisia aggregates are important for HICP …

monetary overhang, the price gap, and the nominal money gap. The price gap is a comprehensive indicator of inflationary … implications of using the price gap in Phillipstype equations for the dynamics of inflation are discussed as well. Section 3 … analyses the role of the price gap in the monetary transmission process more closely. The P-Star model and a New …