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 … also the bigger ones) enter the export market. They tend to transmit less marginal cost fluctuations into inflation because … the proportion of large firms reduces the pass-through of marginal cost into inflation. …

found to help rationalizing the hump-shaped response of inflation, without resorting to the counterfactual assumption of …

the interaction between partial indexation and trend inflation. We show that using a hybrid version of the Phillips curve … partly decreases the risks of overestimate due to the omission of trend inflation. We also provide new evidence on the fit of …) forgetting trend inflation induces overestimating by approximately 3-4 percent of the probability to not change the price, for …

The "New Keynesian" Phillips Curve (NKPC) states that inflation has a purely forward-looking dynamics. In this paper …, we test whether European and US inflation dynamics can be described by this model. For this purpose, we estimate hybrid … and leads of inflation, in contrast to the prediction of the core model. Second, the fraction of backward-looking price …

This article provides evidence about the interrelationships between wages and prices at the microeconomic level. We … magnitude of wage changes strongly depends on macroeconomic variables, namely inflation and unemployment, and to a lesser extent … production and the industry level inflation, have a weaker influence. …

assumption improves the fit of the inflation equation. Third, this assumption is necessary for getting an important reduction of …

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 … expected inflation, measured at a bi-annual frequency, actual inflation, unemployment and a nominal interest rate to estimate …

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 …