In this paper, we examine the relationship between the price level and output and the inflation rate and output at … the contemporaneous correlation between the price level and output and between the inflation rate and output. We apply …

In this paper, we examine the relationship between the price level and output and the inflation rate and output at … output and between the inflation rate and output. We apply linear filters to the cyclical components, create a time series …

. This was a period of very low inflation. The rate of growth in the aggregate price level was occasionally very close to … inflation. The declining prices cannot, however, be explained by lack of demand or any generalized deflationary tendencies … develops a new method for looking at the composition of inflation and illustrating how relative price dynamics interact with …

out to be only a slowdown, and inflation never departed from levels consistent with the ECB's quantitative definition of …

out to be only a slowdown, and inflation never departed from levels consistent with the ECB's quantitative definition of …

out to be only a slowdown, and inflation never departed from levels consistent with the ECB's quantitative definition of …