Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … consider this source of mismeasurement when assessing the precision of the HICP as a measure of "true" inflation. …

This paper analyzes how individual investors respond to inflation. We introduce a unique dataset containing information … on local inflation and security portfolios of more than 2,000 clients of a German bank between 1920 and 1924, covering … the hyperinflation. We find that individual investors buy less (sell more) stocks when facing higher local inflation. This …

This paper studies the redistributive and revenue effects of bracket creep in Germany under various inflation scenarios … micro-simulation model developed for the newly available PHF data, we document an inverted U-shaped overall redistribution … effect of the tax system with respect to the inflation rate, which contrasts Immervoll (2005) who finds that the fiscal drag …

We develop a time-varying transition probabilities Markov Switching model in which inflation is characterised by two … regimes (high and low inflation). Using Bayesian techniques, we apply the model to the euro area, Germany, the US, the UK and … switches between inflation regimes. Thus money growth provides an important early warning indicator for risks to price …