Much of the opposition to indexation as a means of adapting to on going inflation arises from the view that indexation … deficits are in part financed through the printing of money. It is shown that all aspects of indexing -- wage indexation, bond … association between indexation and inflation is in large part a consequence of the monetary and fiscal policies being followed by …

Inflation dynamics have been difficult to explain over the last decade. This paper explores if a more comprehensive … treatment of globalization can help. CPI inflation has become more synchronized around the world since the 2008 crisis, but core … and wage inflation have become less synchronized. Global factors (including commodity prices, world slack, exchange rates …

Price inflation in the U.S. has been sluggish and slow to pick up in the last two decades. We show that this missing … inflation can be traced to a growing disconnect between unemployment and core goods inflation. We exploit rich industry … slow inflation pick-up in the last two decades. We set up a theoretical framework where markups and pass-through are a …

wage change is positively correlated with the unemployment rate and with the consumer price inflation rate …

Japan suffered a very high inflation rate in 1973-74. The CPI inflation rate rose to near 30% in 1974, the highest rate …, the oil crisis is blamed for the 1973-74 high inflation. However, due to monetary policy decisions in 1972-73, the … inflation rate had already exceeded 10% before the onset of the oil crisis in October 1973. These decisions include the interest …

for the persistence and volatility of "reset price inflation." Reset price inflation is the rate of change of all desired … construct an empirical measure of reset price inflation. We find that time-dependent models imply unrealistically high … persistence and stability of reset price inflation. This discrepancy is exacerbated by adding strategic complementarities, even …

This paper shows that conventional measures of cost-of-living inflation, based on static models of consumption, suffer …

This paper analyzes the long-run determinants of inflation differentials in a monetary union. First, we aim at …some stylized facts relating the regional dispersion in headline inflation rates in the euro area as well as in the …-traded sector as the primary cause of price and inflation differentials, with shocks to productivity in the traded sector being …

Inflation equals the product of two terms: an extensive margin (the fraction of items with price changes) and an … intensive margin (the average size of those price changes). The variance of inflation over time can be decomposed into … intensive margin is the sole source of inflation changes in staggered time-dependent pricing models. We use micro data collected …