the time since the last price change. Movements in aggregate inflation reflect movements in the size of price changes …

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

We propose a simple, model-free way to measure price selection and its impact on inflation. Price selection exists when … selection, increases (decreases) in inflation can be amplified because adjusting prices tend to originate from levels far below … for around 36% of inflation variance in the United Kingdom and the United States, and 28% in Canada. Price selection is …

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. …

For most of 2011-19, inflation in Canada and advanced economies registered below inflation targets. This has spurred a … debate on whether "lowflation" is a temporary phenomenon or rather a sign of a fundamental change in inflation behaviour … globalization-can only explain a portion of the fluctuations in domestic inflation. Emerging survey data are showing that inflation …