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 …

This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … evidence to show that the support for a successful Inflation Targeting policy is very weak or non-existent. We use various … the process by which inflation targeting is hypothesised to influence inflation and growth, Section 3 surveys this …

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

year and the NMW shapes the timing of industry-level wage bargaining. Inflation but also changes in past aggregate wage … macro variables are 0.6, 0.4 and 0.3 respectively. Inflation and the NMW have both decreasing but positive effects all along …

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