für die Persistenz von Inflation und die Geldpolitik. Die Untersuchungen zeigen, dass mittels der empirisch plausiblen … für die dynamischen Eigenschaften von Inflation spielt. Der letzte Artikel wendet den selben Modellierungsansatz auf ein … tractability gained from the Calvo pricing assumption is costly in terms of inflation dynamics. The second essay estimates …

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 …

inflation interdependence. We analyze inflation comovements across a wide set of advanced economies and across the subset of … euro area countries. Some of our findings are expected, such as the fact that inflation interdependence among advanced … policy, or the fact that inflation synchronization among countries is highest for energy prices, reflecting common oil shocks …

analyzes the inflation processes of twelve Euro Area countries over the period 1984:q1-2017:q4. The stylized features of … inflation uncover its changing nature and cross-country heterogeneity, in terms of mean, volatility and persistence. After … estimation of a wide array of unobserved components models, we isolate trend inflation rates in a framework that allows for time …

inflation well when the labor income share is used as a driving variable, but fits poorly when deterministically detrended … share version of the new-Keynesian Phillips curve is a very poor model of price inflation. We conclude that there is little …

affects aggregate demand and enables the central bank to target inflation - the system does not face a trade-off between real … that supply-side adjustment limits itself to certain ranges but also the evolution of inflation expectations may reduce the …