Official price indexes, such as the CPI, are imperfect indicators of inflation calculated using ad hoc price formulae … how accurately the CPI informs us about "true" inflation. We use the largest price and quantity dataset ever employed in …

Firms employ a rich variety of pricing strategies whose implications for aggregate price dynamics often diverge. This … situation poses a challenge for macroeconomists interested in bridging micro and macro price stickiness. In responding to this … challenge, we note that differences in macro price stickiness across pricing mechanisms can often be traced back to price …

-through and the dispersion of item-level price changes. We then argue that changes in responsiveness can explain this fact while …

We explore the importance of the nature of nominal price and wage adjustment for the design of effective monetary … policy strategies, especially at the zero lower bound. Our analysis suggests that sticky-price and sticky-information models … the price level perform well, even when hit by adverse supply shocks or large demand shocks that induce the zero …

in population growth, an increase in income inequality, and a fall in the relative price of investment. Our model sheds …

dramatic revisions to price levels and real incomes across the world. The paper tries to understand these changes. Domestic … downward drift in ICP price levels for developing countries also emerged in 2011. Conditional on domestic price changes, the co …