around 10% of its products. To assess the implications of partial price synchronization for inflation dynamics, we develop a …

movements have had important implications for inflation and economic activity in both Canada and the rest of the world. China …

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. …