and sometimes the unconditional means of the nominal rate, inflation and the output gap are strongly affected by … uncertainty in the presence of the zero lower bound. Commitment to the optimal rule reduces unconditional welfare losses to around …

We analyse the incidence of endogenous entry and firm TFP-heterogeneity on the response of aggregate inflation to … distribution of firms in Spain. We then compare the inflation response to technology, interest rate and entry cost shocks, among … others. We find that structures in which large (more productive) firms predominate tend to deliver more muted inflation …

indicator. We find that inflation rates of both index of CPI are explained by the inflation rate of wholesale prices. For both …

To select the best leading indicators for predicting short-term inflation, an extensive number of economic variables is …

This paper assesses the impact of oil price changes on Spanish and euro area consumer price inflation. We find … oil price fluctuations are a major driver of inflation variability. The impact on Spanish inflation is found to be …

output and inflation. In particular, we evaluate the impact of the regime shift on the forecasting performance of reduced … the economy. For plausible shocks distributions the reduction in the accuracy of VAR-based inflation forecasts is …