and sometimes the unconditional means of the nominal rate, inflation and the output gap are strongly affected by …

Political Science on June 4th. It starts by asking what factors have been behind the remarkable retreat of inflation that has …

During the 1970s and early 1980s, Spain suffered high rates of inflation but inflation declined and by 1997 inflation … had fallen to approximately 2 percent. To fight inflation, Spain implemented austere monetary programs, joined the EMS in … 1989, enacted central bank autonomy in 1994, and introduced inflation targets in January 1995. Certainly, these and other …

and its implications for US output, hours and inflation. Second we evaluate the extent to which that responses can be …

. Core inflation measures typically entail excluding some components or deriving trend measures. This paper uses a structural … VAR with long-run identifying restrictions to arrive at two core measures: latent inflation and permanent inflation …. Results for the 1970-1993 period show that inflation dynamics in Spain is strongly inertial and shocks with a permanent effect …

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 …

to iid and autocorrelated money growth shocks, and decompose the inflation impact into 'intensive margin', 'extensive … inflation and output. The real effects are substantially larger if money growth is autocorrelated. In contrast, if we instead … impose a fixed menu cost specification, money growth shocks cause a sharp spike in inflation (via the selection component) so …