Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is …

estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …

We study the link between expected inflation and wages using novel panel data from German firms and employees. We find … that pass-through - the percentage point change in wage growth given a one percentage point change in expected inflation … extensive margin, expected inflation has little effect on additional wage negotiations. …

and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

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 …

stickiness and price dispersion. We demonstrate that calculations of price inflation require conditioning not only on CPU quality …