involving changes in the inflation and monetary-policy regimes: the move to floating exchange rates following the breakdown of … throughout the industrialized world a decade later. In the case of the float, inflation which had been rising since the mid-1960s …. Following the shifts to less expansive domestic policy, inflation peaked in most of those same countries and has continued to …

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 …

In a previous study of US city inflation, I emphasized the temporal regularities of urban price inflation. But, despite … these identified regularities, it is apparent that the process of inflation is rarely so regular and so systematic …. Unanticipated shocks in three components, energy food, and housing, dominate the post-1950 record of US inflation. Analysis of …

Apart from occasional anecdotal observation, there has been little systematic study of the patterns of local inflation …. The strongest theoretical argument is that local price inflation should be no different from national inflation …-series models. It is concluded in this paper that, although inflation does vary, if only slightly, between cities and with respect …

Evolving openness to trade is hard to measure, despite its relevance to models of growth, inflation and exchange rates … andexchange rate. The evidence for South Africa suggests that increased openness has significantly reduced the mean inflation rate …

Inflation is a far from homogeneous phenomenon, a fact often neglected in modeling consumer price inflation. Using a … sectoral sources of inflation, useful to monetary policy. Data for 1979 to 2003 are used for model selection, and pseudo out of …