pricing functions which exclude age are misspecified. Furthermore, in order to eliminate bias price index samples must be …

estimation of life cycle price effects using data on two different types of goods (desktop and laptop computers, and personal …, in order to eliminate biases in price indexes, samples must be constructed carefully. Using a simulation we show that the …

avoiding the ZLB is not big enough to offset the cost of higher relative price dispersion when inflation is significantly …

entry and product variety in a sticky-price model with monopolistic competition in which price stability would be optimal in … percent or higher. Price indexation implies even larger deviations from long-run price stability. However, price stability … (around this non-zero trend) is close to optimal in the short run, even in the presence of time-varying flexible-price markups …

entry and product variety in a sticky-price model with monopolistic competition in which price stability would be optimal in … percent or higher. Price indexation implies even larger deviations from long-run price stability. However, price stability … (around this non-zero trend) is close to optimal in the short run, even in the presence of time-varying flexible-price markups …

This paper, requested by the Monetary Council, attempts to determine the level of inflation consistent with price … stability, taking into account the characteristics of the Hungarian economy. Price stability is defined as the level of … horizon. In developed countries, the primary objective of central banks is the maintenance of price stability, in view of the …