wage, unemployment and inflation. This is done by considering a two-stage strategic interaction between a central bank (CB …

?" While Europe has attained and maintained two-digit rates of unemployment, in America there have been created tens of … millions of new jobs. And for the most part this has not been bought at the expense of accelerating price inflation and a short …

In the past decade changes in oil prices have played a significant role in shaping inflation dynamics in the US and in …

The paper analyzes the short-run impact of periods of strong monetary growth on inflation dynamics for 15 … industrialized economies. We find that when robust money growth is accompanied by large increases in stock and house prices and loose …. In contrast, significant money stock expansions which are not associated with sustained credit increases and strong …

level, after controlling for inflation expectations, and whether it is concentrated among those firms that are more exposed …

promptly identifying turning points in inflation. The focus of this paper is the so-called "cost-of-living" index, the most … used measure of Italian inflation. Our aim is to identify and test a model of its seasonal component, which is important in …

This study investigates inflation perceptions in both qualitative and quantitative terms and their relationship with … Italian consumers carried out at the end of 2006. The results show that reported inflation is, on average, much higher than … measured by official statistics. Inflation perceptions are higher for women, the unemployed and less educated individuals, as …

much sharper rise in inflation than measured by the official price indices, whose quality was called into question. In this … determinants. Since these data do not rely on official inflation statistics, they provide an independent check for the latter. We … official inflation statistics. We do not find evidence in support of this hypothesis. …

issue is of particular interest for those monetary authorities that target headline consumer price inflation, which has been …

Between 2013 and 2014, following the recession triggered by the sovereign debt crisis, euro-area inflation decreased … sharply. Although a fall in the inflation rate was to be expected, given the severity of the recession, professional … inflation, which was unaccounted for in forecasting models. We probe this explanation in the context of a simple backward …