by modelling the time-varying dynamics of asset returns and inflation, and then estimating the cost of hedging in ation … inflation risks are not necessarily reduced with the inclusion of real estate assets in the minimum variance portfolio. Our … investors for holding the less attractive inflation-linked debt asset. …

volatile inflation. Models with wage stickiness and right-to-manage bargaining or with firm-specific labour emerge as the most … promising candidates. -- Inflation Dynamics ; Labour Market ; Business Cycle ; Real Rigidities …

food price shocks on a given set of countries. Secondly, we assess the importance of inflation linkages among countries, by …. In addition, a considerable part of the observed headline inflation rises is attributable to foreign sources for the vast … majority of the regions. -- Oil shock ; commodity prices ; inflation ; second-round effects ; Global VAR …

) with a special focus on persistence of real wages, wage and price inflation. The analysis is conducted within a structural … model, as well as the cointegrating properties of the estimated system. Overall, in the long run, wage and price inflation …

Inflation has been well contained over the last decades in most industrialized countries. This implies, however, that … memories of high inflation are likely to fade, because over time larger parts of the population have never experienced high … inflation, whereas those who have might forget. This paper tests whether memories of high inflation affect agents’ preferences …

This paper empirically assesses which factors trigger prolonged periods of inflation for a sample of 91 countries over … inflation starts. The empirical results suggest that for all cases considered a more fixed exchange rate regime and lower real … policy rates increase the probability of an inflation start. For developing countries, other relevant factors include food …

coordinated wage bargaining systems have a dampening impact on inflation volatility. -- Business Cycles ; Inflation ; Labor Market …

We examine the global dimension of inflation i n 24 OECD countries between 1980 and 2007 in a traditional Phillips … global forces to affect inflation through (the common part of) domestic demand and supply conditions. Our most important … result is that the common component of changes in unit labor costs has a notable impact of inflation. We also find evidence …