Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit … inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods …. In this paper we first set out theories of persistent inflation, which can be classified into those emphasizing …

We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the … inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between … discounts grew at a much lower average rate than regular prices, helping to mitigate the inflation burden. By contrast …

implement a case-study on the response of banks in France, Germany, Italy and Spain to a monetary tightening. The episode we …

and Sweden experience the lowest earnings declines following job displacement, while workers in Italy, Spain, and Portugal …

complements because they make news discovery easier. We use Spain as a natural experiment because Google News shut down altogether …

. We combine administrative data on all firms in Spain with a matched bank-firm-loan dataset on the universe of corporate …

France while expansions have a larger impact in Italy and Spain …

for over four decades in Spain. We calculate an implicit tax rate on remaining in employment for an additional year and …