We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … and significant impact on sectoral prices. Increased openness lowers prices by both reducing markups and raising … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …

aspects of US methods which affect international comparisons of inflation and output growth. The traditional problem of …

regimes that are nested within this framework: inflation, output-gap growth and nominal income growth targeting; and inflation …

central banks to control inflation within their borders, at least in the absence of coordination of policy with other central … the ability of monetary policy to control inflation: by making liquidity premia a function of 'global liquidity' rather … to control the dynamics of inflation. …

From 1970 to 1985, Israel experienced high inflation. It rose in three jumps to new plateaus and eventually exceeded … of fallen bank shares caused the last big jump in inflation that occurred in October 1983. Bank shares had just collapsed … after a scandal in which it was revealed that banks had long manipulated their share prices. The government promised to …

This paper provides a quantitative assessment of the effects of inflation through changes in the value of nominal … redistribution brought about by a moderate inflation episode. Redistribution takes the form of 'ends-against-the-middle': the middle … class gains at the cost of the rich and poor. In addition, inflation favours the young over the old, and hurts foreigners. A …

test with flying colours. Irish inflation stopped dead in its tracks: consumer prices were unchanged between May and …-2001 had an important impact on inflation divergence within the EMU and in particular the surge in Ireland’s inflation to over … contribute to inflation convergence and in particular to a fall in Irish inflation? Fortunately for us, the theory has passed the …

We set out a reference chronology for annual UK inflation, identifying nine complete cycles between 1958 and 1990 …. Inflation over this period is asymmetric, falling more quickly than it rises. Leading indicators are also proposed, with …, they give clear prior turning point information with relatively few `false signals'. Nevertheless, we find that inflation …

. Real marginal costs are a significant and quantitatively important determinant of inflation. Backward looking price setting …We develop and estimate a structural model of inflation that allows for a fraction of firms that use a backward looking … rule to set prices. The model nests the purely forward looking New Keynesian Phillips curve as a particular case. We use …