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 …

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 …

This paper uses disaggregated CPI time series to show that a break in the mean of French inflation occurred in the mid … mean break, both aggregate and sectoral inflation persistence are stable and low, with the unit root lying far in the tail … price changes (at the firm level) appears positively related with inflation persistence (at the aggregate level). …

This paper proposes an empirical investigation of the impact of oil price forecast errors on inflation forecast errors … for two different sets of recent forecasts data: the median of SPF inflation forecasts for the U.S. and the Central Bank … inflation forecasts for France. Mainly two salient points emerge from our results. First, there is a significant contribution of …

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 …

on the inflation process. …