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 …

revisions implied by this model are then tested using inflation forecast updates of professional forecasters from recent …

formation of a monetary union may induce changes that help harmonise inflation rates. The effect might be large if the …

45% decreases and 55% increases. Fifth, price changes are sizeable compared to the inflation rate. The paper also … examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and …

45% decreases and 55% increases. Fifth, price changes are sizeable compared to the inflation rate. The paper also … examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and …

45% decreases and 55% increases. Fifth, price changes are sizeable compared to the inflation rate. The paper also … examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and …

45% decreases and 55% increases. Fifth, price changes are sizeable compared to the inflation rate. The paper also … examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and …

45% decreases and 55% increases. Fifth, price changes are sizeable compared to the inflation rate. The paper also … examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and …

45% decreases and 55% increases. Fifth, price changes are sizeable compared to the inflation rate. The paper also … examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and …

45% decreases and 55% increases. Fifth, price changes are sizeable compared to the inflation rate. The paper also … examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and …