techniques are applied to monthly inflation series of 21 OECD countries and it is found that average forecasting methods in …

indices and reveal the existence of a pro-rich inflation in Europe. Particularly, over the period 2001-15, the consumption … those of the richest decile. We find that ignoring the differential inflation across the distribution underestimates the … large enough to alter the inequality ranking of numerous countries. The average inflation effect we detect is almost as …

different predictions for the optimal inflation rate than their popular homogenous-firm counterparts: (1) the optimal steady …-state inflation rate generically differs from zero and (2) inflation optimally responds to productivity disturbances. We show this by … estimate the historically optimal inflation path for the U.S. economy. In the year 1977, the optimal inflation rate stood at 1 …

consider the implications of a risk premium that arises from endogenous market segmentation driven by variable inflation rates …. In the absence of autocorrelation in inflation, the risk premium is constant. If inflation is correlated, however, the …

This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special … Balassa-Samuelson effect is not an important driver of inflation rates. By contrast, we find that the initial price level and … regulated prices strongly affect inflation outcomes in a nonlinear manner and that the extension of Engel's Law may hold during …