stickiness and price dispersion. We demonstrate that calculations of price inflation require conditioning not only on CPU quality …

stickiness and price dispersion. We demonstrate that calculations of price inflation require conditioning not only on CPU quality …

adjustment. As a result, the response of inflation to nominal shocks is both sluggish and hump-shaped. The model can also … qualitatively capture a number of stylized facts about price setting at the micro level and inflation at the macro level …

" prices) using data on prices and quantities sold for numerous retailers across many US metropolitan areas. Inflation in the … effective prices paid by consumers declines significantly with higher unemployment while little change occurs in the inflation …

We study how different forms of communication influence the inflation expectations of individuals in a randomized … controlled trial. We first solicit individuals’ inflation expectations in the Nielsen Homescan panel and then provide eight … different forms of information regarding inflation. Reading the actual Federal Open Market Committee (FOMC) statement has about …

. They also expect lower future inflation, report higher uncertainty, expect lower mortgage rates for up to 10 years, and …