inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related … non-traded sectors) on the dual inflation differential is more than twice as large as that in the "flexible" countries. We … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …

inflation and measures welfare changes using the compensating variation and equivalent incomes in a cross-national comparative … perspective. The impact of inflation depends on good-specific price increases and budget shares. Budget shares for necessities (e … necessities has resulted in higher inflation in poorer countries. Counter to the media narrative, the distributional impact is …

bigger government reduced it, with the effects of inflation being statistically insignificant. Politically, the efficacy of …

This paper analyzes the relationship between unemployment and wage inflation for 10 of the euro area countries. The … combination of low wage inflation and high unemployment in Europe is usually attributed to a rise in the natural rate of … unemployment that may account for a changing pattern in the unemployment inflation trade-off. Moreover, it analyzes whether the …

and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

progessivity (affecting higher income households more) of inflation experienced by households between April 2021 and July 2023 …. Despite a growing literature on the distributional impact of inflation, there is limited evidence on gender differentials. We … gender dimension to assess gender differences in inflation regressivity or progressivity, isolate the average inflation rate …

We analyze the welfare cost of inflation in a model with cash-in-advance constraints and an endogenous distribution of … establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … United States economy and the long-run equilibrium properties are compared at low and high inflation. We find that, when the …

consumer price inflation rate. -- Wage stickiness ; micro-level evidence ; measurement error …

, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … spell, while older workers accelerate their transition to full retirement. We also find that high inflation discourages full …