Inflation sinkt.Das Anliegen des zweiten Beitrags, Abwärtsnominal- und Tariflohnstarrheit in Deutschland, ist, sowohl nach unten … implications of the downward nominal wage rigidity—under a constant degree of rigidity—increase for lower inflation rates. For … inflation rates less than two per-cent the real implications are non-negligible. Additionally, the degree of rigidity itself …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth", describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff …

Artículo de revista ; This article analyses the link between the changes in and the drivers of inflation in a broad … range of advanced economies, with special emphasis on those of the euro area. Inflation rates are seen to be highly … common monetary policy. Also, the comovement of inflation is found to be a phenomenon that tends to be more visible in the …

resolver este problema ; In this paper we look at global inflation trends over the last decade and try to disentangle factors … that could explain the ultra-low levels of inflation during the recovery from the Great Recession. We review the literature … inflation’s reduced cyclical sensitivity to domestic economic slack, a bigger role being played by forward-looking inflation …

average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF and Consensus … Economics compared to their counterparts that do not. The gains in forecast accuracy from incorporating inflation expectations … countries). The analysis is undertaken for headline inflation and inflation excluding energy and food and both point and density …

Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …

the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for … activity of the Bank of Lithuania during the process of integration into the EU. The viability of the inflation rate maintained …

exchange rate movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across … counteract deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the … forecasting inflation. …

rate of change of food commodity prices leads to a rise in euro area headline inflation (HICP) of around 0.3 percentage …