systematically understated. The effect rests on overstated inflation estimates due to imputed prices for disappearing goods and …

published data. The underlying effect rests on overstated inflation estimates due to imputed prices for disappearing products …

published data. The underlying effect rests on overstated inflation estimates due to imputed prices for disappearing goods and …

In this paper we present and describe the revised version of the KOF Globalisation Index, a composite index measuring … globalisation for every country in the world along the economic, social and political dimension. The original index was introduced … by Dreher (2006) and updated in Dreher et al. (2008). This second revision of the index introduces the differentiation …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

situation helps to explain the surge in the country's inflation and its very high growth in financial condition from late 2007 …

The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage … integrate staggered price- and wage-setting into an endogenous growth framework. In this setting, growth and inflation are … linked via the incentive to innovate. For standard calibrations, the linkage is strong: as trend inflation shifts from -5 to …