explain the persistence of inflation. However, both of these theories are inconsistent with the micro data on prices. In this … difference between the GTE and its popular alternatives in terms of inflation persistence, a difference arises when it comes to …

estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …

. Statistical core inflation rates perform relatively well, while core rates based on economic theory suffer, in particular, from a …This study compares different methods of calculating the core inflation rate, the latter being taken as the general … price trend, i.e. the persistent component of measured inflation. This price trend is therefore assumed to be free of …

In this paper we present supporting evidence of the existence of heterogeneity in inflation dynamics across euro area … significant inertial (backward looking) behavior in inflation in four of them, while inflation in Germany has a dominant forward … looking component. We then present an optimizing agent model for the area emphasizing the heterogeneity in inflation …

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