. The choice of base year for utility is found to have a significant effect on the index, even in the low inflation period …-dependent: the level of a Divisia index is affected not just by the level of prices at the two endpoints but also by the path between … the endpoints. It is also well-known that a Divisia index of the cost of living is path-independent if and only if all …

conventional multilateral index such as the World Bank's PPP for consumption. …

unemployment-inflation tradeoff might indicate not something to be exploited but instead only policy-makers' correctly …

inflation is low. Despite the substantial numbers of individuals whose nominal wages fall from one year to the next, we find … that if long-run inflation is one percent higher, the number of individuals with negative real pay growth increases by …

This paper presents a political economy model of inflation as a result of social conflict. Agents are heterogeneous in … terms of income. Agents' income levels determine their ability to hedge against the effects of inflation. The interaction of … model makes a number of predictions concerning which environments are conducive to the emergence of inflation. Inflation …

dynamics of inflation implied by macroeconomic data, the model needs to assume an average duration of price contracts which is …

: the distinction between the displacement, productivity and amenity effects of immigration; the issues that arise in using …