standard and international trade. The estimation results allow us to formulate some interesting policy conclusions. …

subsectors, at least not given the used identification strategy. This could be due to the fact that this theory regards the …

devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is …

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

useful in judging the credibility as well as the relative weaknesses and strengths of the various cost of energy estimation …

economic variable occurs that has no direct relation to the contemporaneous behavior of the variables that theory suggests it … 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 …

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 … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …

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 …