-specific labour imply a sufficient degree of real rigidity, and so can reproduce inflation dynamics well. However, they imply too … little real rigidity and, so, too volatile inflation, owing to strong responses of marginal wages and hours per employee … the responses of wages, inflation and employment …

, supply-side shocks (related to energy, food and bottlenecks) have played a major role in recent inflation developments in the … as a determinant of inflation, with an effect that could be more persistent in the future. ; El reciente episodio …

, supply-side shocks (related to energy, food and bottlenecks) have played a major role in recent inflation developments in the … as a determinant of wage inflation, with a pass-through to prices that has been limited so far but that, if it …

equilibrium to achieve a simple, linear model, that only depends on inflation, the output gap, and the interest rate, in the case … inflation dynamics is crucial. Because of the controversial debate on the importance of expectations, the consequences of … central banks should react stronger to changes in inflation and output under uncertainty. Furthermore, it is shown that …

I analyze the effect of search frictions on inflation dynamics, in a New Keynesian model where firms make both pricing … empirical performance along a number of dimensions. First, inflation becomes more persistent. Second, output responses to …

Arbeitsmarkt und Prinzipal-Agent-Problemen aufgrund von asymmetrischen Informationen zwischen Firmen und Arbeitnehmern. Das …

information content of alternative inflation expectations measures, including those from consumers, firms, experts and financial … varies substantially across inflation expectations measures. In particular, we find that those from consumers and firms are … better at predicting inflation if compared to those from experts and, especially, those from financial markets. …

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 …