realistic parameter values, the model generates a blip in inflation of the same magnitude observed in the data"--Federal Reserve …

are total factor productivity, capital intensity (capital stock per hours worked), working time and employment rate. Over … countries, especially because of the surge in Total Factor Productivity (TFP) and in capital intensity. The main results of the …

This paper aims at evaluating the impact of globalization, if any, on inflation and the inflation process. We estimate … commodity import price inflation on CPI inflation depends on the volume of commodity imports while the impact of non …-commodity import price inflation is independent of the volume of non-commodity imports. Second, focusing on the role of intra …

The decline in the sensitivity of inflation to domestic slack observed in developed countries over the last 25 years … productivity allows for self-selection among firms. Because of productivity heterogeneity, only high-productivity firms (that are … also the bigger ones) enter the export market. They tend to transmit less marginal cost fluctuations into inflation because …