[...]This article explores the inflation puzzle andinvestigates whether compensation has acted as either atemporary … restraint on inflation or as the underlying sourceof a new inflation regime.2 After reviewing the recent behavior of inflation …, we specify and estimate a traditionalprice-inflation Phillips curve model over the 1965-96period. Our results show that …

standarddeviation of quarterly output growth has fallen 30 percent,while the standard deviation of inflation has decreased morethan 40 …Several authors have documented a reduced variability ofoutput and inflation in the United States since the beginningof … percent. These changes in the time series properties ofoutput and inflation raise a number of important questions …

the actions of the central bank and the real economy.That is, the monetary transmission mechanism of thecountries in the … euro area will change, making the job ofthe new European Central Bank even more difficult thanit is already. But how …

[...]Inflation targeting in Canada was not the result oflegislation. However, as in New Zealand, the inflationtarget in … Canada is jointly determined and announcedby both the government and the central bank.[...] …

[...]This article investigates the relationshipbetween asset size and risk at bank holding companiesfrom 1987 to 1993 ….1 We find that for most of thisperiod, the level of risk at large bank holding companiesdid not differ significantly from … counterbalanced this diversification advantage,leaving large bank holding companies with no less riskthan small companies throughout …

of this paper is the analysis of inflation risk of European real estate securities. An overview of the institutional …

examine the relevance of the cost channel for inflation dynamics in G7 countries. Since firms’ costs of working capital … inflation responses to monetary policy shocks, and can even lead to inverse inflation responses, when the cost channel is …

to consumer price inflation in an international comparisonover the period from 1990 to 2004. The analysis focuses on the …