inflation and output dynamics in the United States. In particular, I find that real money balance effects are quantitatively …

The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage … integrate staggered price- and wage-setting into an endogenous growth framework. In this setting, growth and inflation are … linked via the incentive to innovate. For standard calibrations, the linkage is strong: as trend inflation shifts from -5 to …

We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy … rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important … persistent cost-push pressures in the economy leading to a significant deterioration in the inflation - output gap trade …

to estimate how price increases can be divided between quality growth and price inflation. I find that less than one … inflation close to inflation measured by the official index. I conclude that, according to Bils' methodology, the quality bias … is not an important source of potential mismeasurement of CPI inflation in Canada. …

U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation …

Inflation dynamics in advanced countries have produced two consecutive puzzles during the years after the global … financial crisis. The first puzzle emerged when inflation rates over the period 2009-11 were consistently higher than expected … today - was initially observed in 2012, when inflation rates in advanced countries were weakening rapidly despite the …

expectation formation and the behaviour of macroeconomic agents. Inflation expectations, in particular, have received a great deal … be used to extract useful measures of inflation persistence. This paper presents a new measure of U.S. inflation … persistence from the point of view of a professional forecaster, referred to as perceived inflation persistence. It is built via …