America, Asia and MENA). It covers the period 1979-2004, and carries out “second-generation” tests for non-stationary panels …

concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to … which ‘observed' inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our … persistence of the aggregate inflation …

This paper uses the European Commission's Consumer Survey to assess whether inflation expectations have converged and … whether inflation uncertainty has diminished following the introduction of the Euro in Europe. Consumers' responses to the … survey suggest that inflation expectations depend more on past national inflation rates than on the ECB's anchor for price …

(possibly unwarranted) homogeneity and proportionality restrictions are not imposed, and trivariate cointegration (stage …

directly on the relationship between the rate of change of the money stock and inflation. We believe that this is an inferior … instrument for the long-run control of inflation. An important finding that contradicts all of the previous literature is that … the QTM holds for low inflation as well as for high inflation. We discuss how our findings relate to monetarism generally …

This study seeks to determine the extent to which the former communist states of Central and South-West Asia are …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more … intermediate inputs for economies in the Asia-Pacific region and examine the impact on domestic producer prices of changes in costs … price dynamics in the Asia-Pacific region …

(possibly unwarranted) homogeneity and proportionality restrictions are not imposed, and trivariate cointegration (stage …

cointegration and the estimation of Vector Autoregression (VAR) and Vector Error Correction Models (VECM). While we cannot reject …

changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate …