45% decreases and 55% increases. Fifth, price changes are sizeable compared to the inflation rate. The paper also … examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and …

45% decreases and 55% increases. Fifth, price changes are sizeable compared to the inflation rate. The paper also … examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and …

This paper studies the role of inflation in the determination of financial asset prices. We estimate an Intertemporal … Capital Asset Pricing Model à la Merton (1973), with inflation as an independent source of risk, for France and Germany. Our … the convergence process towards the single currency might have affected the role of inflation in the pricing of financial …

This paper uses disaggregated CPI time series to show that a break in the mean of French inflation occurred in the mid … mean break, both aggregate and sectoral inflation persistence are stable and low, with the unit root lying far in the tail … price changes (at the firm level) appears positively related with inflation persistence (at the aggregate level). …

inflation series of the euro area CPI translates into the slow adjustment of euro area aggregate inflation. We first estimate a … dynamic factor model for 404 inflation sub-indices of the euro area CPI. This allows to decompose the dynamics of inflation … the overall variance of the 404 disaggregate inflation series, is the main driver of aggregate dynamics. In addition, the …