By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … study evaluates the quantitative importance of idiosyncratic pricing shocks in short-run aggregate price change dynamics …. Robustly to alternative definitions of the relative price, identification schemes dictated by two-sided (S,s) pricing theory …

In this paper we explore the link between the intensity of product market competition and inflation rates across EU … product market competition, as proxied by the level of mark-up in particular, is an important driver of inflation … product market competition reduces average inflation rates for a prolonged period of time. Moreover, results both at the …

reflect contemporaneous information about bank riskin the United States and in Europe.2 In our study, we firstexamine the … earnings expectations, andincreasing in earnings volatility and leverage. Using simpleoption-pricing theory, we show that the …

This paper investigates the market pricing of subprime mortgage risk on the basis of data for the ABX.HE family of … introduction into ABX index mechanics and a discussion of historical pricing patterns, we use regression analysis to establish the … for the inappropriateness of pricing models that do not sufficiently account for factors such as risk appetite and …

strongly to predictable marginal cost changes, as expected from the Mankiw and Reis (2002) Sticky Information Model. We �nd …

In an overlapping generations maximization framework with consumers, whose information on uncertain future income …

We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …

This paper proposes a methodology to nowcast and forecast inflation using data with sampling frequency higher than … accurate estimates of inflation for the current and followings months. In particular, this paper uses the Weekly Oil Bulletin …