similar), instead of gaps. Second, we study the components of inflation instead of the standard aggregates. We find that some … inflation components have strong and stable correlations with the cyclical component of real activity; these components tend to … internationally determined, have weak and/or unstable correlations with cyclical activity. We construct a new inflation index …

similar), instead of gaps. Second, we study the components of inflation instead of the standard aggregates. We find that some … inflation components have strong and stable correlations with the cyclical component of real activity; these components tend to … internationally determined, have weak and/or unstable correlations with cyclical activity. We construct a new inflation index …

of our model for a sticky price environments, as it allows to understand stable-inflation boom-bust cycles. The source of …

of our model for a sticky price environments, as it allows to understand stable-inflation boom-bust cycles. The source of …

for a sticky price environments, as it allows to understand stable-inflation boom-bust cycles. The source of the explicit …

for a sticky price environments, as it allows to understand stable-inflation boom-bust cycles. The source of the explicit …

of our model for a sticky price environments, as it allows to understand stable-inflation boom-bust cycles. The source of …