This study addresses the potential trade-off between inflation and exchange rate targeting in former transition … (EMU). Among this group of countries, some implemented inflation targeting regimes. These countries may face increasing …). Against this background, the study analyzes the choice of inflation targets using panel data techniques (Chapter 2), the (de …

In recent years the New Keynesian Model with price stickiness of the Calvo type has become the most widely used … endogenous explanation of price stickiness as well as of other important features of the observable data, e.g. the cyclical …-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows …

explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …

probability distribution. In the case of early stage building contract price forecasts the approximate distribution of the likely …

incurred from the purchase. This paper looks at the need to revise the understanding of value relating to price, that is … replacing consumer surplus with net value and incorporating price and non-price outlays into the expected outlay to gain a … better understanding of buyers' choices and the role of price within that choice. The term Pareto loss was coined to describe …

Several studies have shown evidence of price convergence between countries in the European Union (EU) since the … power parities, adjusted for inflation and brought to a common base date. The dispersion of these costs was analysed using … the coefficient of variation. The results show little evidence of price convergence for non-residential construction for …