compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …

excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s …

compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …

—with excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s. …

We document that observed international input-output linkages contribute substantially to synchronizing producer price … inflation (PPI) across countries. Using a multi-country, industry-level dataset that combines information on PPI and exchange … across a range of econometric tests, input-output linkages account for half of the global component of PPI inflation. We …

heterogeneity in price stickiness, sector size, and input-output linkages. We calibrate a 341 sector version of the model to the … United States. Both theoretically and empirically, sectoral heterogeneity in price rigidity (i) generates sizable GDP …

We analyze the impact of price stability-oriented monetary strategies (inflation targeting — IT — and constraining … exchange rate arrangements) on inflation persistence using a time-varying coefficients framework in a panel of 68 countries … (1993–2013). We show that explicit IT has a stronger effect on taming inflation persistence than implicit IT and is …

This paper explores whether the cost channel solves the price puzzle. We set-up a New Keynesian DSGE model and estimate … restrictions which are not rejected by the data - the cost channel helps to generate an initial rise of inflation after a monetary …