Monetary search theory implies that the real effects of inflation via its impact on price dispersion depend on the … level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation …-price dispersion nexus is predicted to be asymmetrically V-shaped which results in an optimal inflation rate above zero. For highly …

The behavior of Spanish inflation rates at the provincial level (consumption prices) differs over the two spans of time … the remarkable persistence shown by the Spanish inflation, the PANIC (panel analysis of non-stationarity in idiosyncratic … second period studied. Besides inflation, we draw attention to a battery of economic and labor variables, mostly through …

In recent macroeconomic theory, relative price variability (RPV) generates the central distortions of inflation. This … paper provides first evidence on the empirical relation between inflation and RPV in the euro area focusing on threshold … effects of inflation. We find that expected inflation significantly increases RPV if inflation is either very low (below -1 …

Recent monetary search models emphasize that the real effects of inflation via its impact on price dispersion depend on … the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation …-price dispersion nexus is predicted to be asymmetrically V-shaped which implies an optimal inflation rate above zero. For highly …

of pricing behavior. The effect of market structure on persistence of inflation results from two conflicting forces … the frequency of price changes depends negatively on the price dispersion and positively on the product-specific inflation …

This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after …

setting behaviour of Portuguese firms. Inflation, the level of economic activity and the magnitude of the last price change …

statistically significant. This is particularly so for accumulated sectoral inflation since the last price change. Once … heterogeneity and the role of accumulated inflation are acknowledged, hazard functions become mildly upward-sloping, even in a low … inflation regime. The contribution of the state-dependent variables to the pseudo-R² of our equations is, however, not …