all goods and track inflation. We then calculate nominal growth and its components. We find that per-captita real wealth …

Reserve does not target inflation or react to inflation signals." Rather, the Fed reacts to the very real" signal sent by … the Federal Reserve largely ceased reacting to inflation or high unemployment, but continued to react when unemployment … for the effects of inflation and unemployment. …

root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation …

view of inflation. Second, we discuss how the recent inflationary episode has contributed to redistributing real resources …

We review the main New Keynesian inflation equations that have arisen as a result of aggregation from individual firms …' price rigidities. We find that, on the whole, they cannot account for inflation persistence, a key feature of the empirical … dynamics of inflation, and with important policy implications. The only exception seems to be when price stickiness is combined …

Sticky-price models with rational expectations fail to capture the inertia in US inflation Models with backward …-looking expectations capture current inflation behavior but are unlikely to fit other monetary regimes This paper seeks to overcome these … problems with a near-rational model of expectations In the model agents make univariate forecasts of inflation: they use …

inflation. Taking as given the paths of nominal labor compensation and labor productivity to approximate the evolution of …