We consider the behavior of the price of a continuously stored commodity, for which discounted price is a non …-constant martingale, and thus not-predictable. We prove that the discounted price realization is within any given neighborhood of zero … path of discounted price realizations will lie permanently within any given neighborhood of zero beyond a finite state …

By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … relative price asymmetry is positive, idiosyncratic shocks lead to a substantial build-up in inflation only after two to five … study evaluates the quantitative importance of idiosyncratic pricing shocks in short-run aggregate price change dynamics …

competitive inflation rate. For policy makers an interesting feature of the perfectly competitive price index is that the evidence …This paper analyzes price formation and dynamics according to the industry structure. It divides manufacturing … industries predominate. Then this classification is used to build consumer price sub indexes for the goods of both sectors. These …

controversies surrounding the exchange rate forecastability and the absence of money in models of inflation …

greatly redcues the prediction mean squared error of forecasts of U.S. CPI inflation at horizons of one month and one year …

This paper develops a model which can explain the hump-shaped impulse response of inflation to a monetary shock. A …). Nevertheless, we can show that inflation is hump-shaped under a reasonable range of parameters. It will be also shown that, in … order for inflation to be hump-shaped, sticky wages and variable capital utilization are important as well as dynamic …

particular, Argentina, Bolivia, Peru, Russia, and Ukraine remained highly dollarized long after the inflation rate was reduced to … economies that higher inflation has a negative impact on output and financial intermediation, that dollarization and capital … dollarization hysteresis paradox and several other stylized facts. The key link between inflation, dollarization, and capital …

particular, Argentina, Bolivia, Peru, Russia, and Ukraine remained highly dollarized long after the inflation rate was reduced to … economies that higher inflation has a negative impact on output and financial intermediation, that dollarization and capital … dollarization hysteresis paradox and several other stylized facts. The key link between inflation, dollarization, and capital …