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 …

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 …

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 …

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 …

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 …

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 …

The paper provides an empirical analysis of inflation persistence in an inflation targeting country, the Czech Republic …, display smaller inflation persistence than durables and processed goods. Inflation seems to be somewhat less persistent after … the adoption of inflation targeting in 1998. There is also evidence for aggregation bias, that is, aggregate inflation is …

The objective of this study was to shed new light on the non-linear effects of inflation and the inflation thresholds … countries in order to see if there are any differences in the empirical linkage between inflation and long-term growth. For the … full sample of African countries, the empirical evidence showed that inflation hampered growth if it exceeds 11.1 percent …

We examine the relationship between inflation and fiscal sustainability with a two-step approach. In the first step, we … various measures of inflation such as headline inflation, core inflation, energy inflation, and food inflation affect the … estimate of fiscal sustainability found previously. Our findings indicate that higher inflation rates contribute positively to …