inflation. Excess liquidity, rather than heading towards the market of consumer goods, could have moved towards the asset … prices, and the extension of the quantitative equation of money to transactions on assets does not stabilize the money …

framework and assuming that shifts of the Phillips curve share a common trend with the unemployment rate. We consider in this …, it appears that the Nairu can substantially differ from the unemployment trend. Second, relaxing the common trend … assumption improves the fit of the inflation equation. Third, this assumption is necessary for getting an important reduction of …

expected inflation, measured at a bi-annual frequency, actual inflation, unemployment and a nominal interest rate to estimate … monetary policy in the United States, in particular its interaction with the formation of inflation expectations and the … linkages between monetary policy, inflation expectations and the behaviour of CPI inflation. We use Livingston Survey data for …

sales; (iv) price changes related to sales and product replacements are less driven by inflation variations than regular … price changes; (v) the monthly inflation rate is correlated to the frequencies of price decreases and increases. The …

'une faible inflation (2%) a une inflation nulle pour les economies francaise, allemande, britannique, espagnole et americaine …

on the inflation process. …

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 …

, while those using GMM have reported the inflation dynamics to be predominantly forward-looking. This paper provides a …

exclusively on the anchoring of short- to medium-term inflation expectations (Part 2). Several measures show that this anchoring … expectations has on the determination of the short- to medium-term inflation rate. From this point of view, observed inflation in … on the other aspect of monetary stability: the degree of price-level uncertainty and the anchoring of inflation …