, the more timehas elapsed since the latest release of an inflation report, market volatility shouldincrease, the price …-term interest rates to the Bank of England’s inflation report andto macroeconomic announcements. Due to the quarterly frequency at …

a special focus on persistence of real wages,wage and price inflation. The analysis is conducted within a structural …, as well as the cointegrating properties of theestimated system. Overall, in the long run, wage and price inflation emerge …

food price shocks on a given set of countries.Secondly, we assess the importance of inflation linkages among countries, by …

This paper examines the impact of downward wage rigidity (nominal and real) onoptimal steady-state inflation. For this … andFinland). The calibrated heterogeneous agent models are then solved for differentsteady state rates of inflation to derive …

Equilibrium correction models of the price level are often used to model inflation. Such models assume that the long …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation … of both having a quantitative target, and of hitting a declared target; we also consider effects on output volatility … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of …