output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability … of output and inflation depend crucially on the proportion of firms that are allowed to change their prices. We test this …-cyclical correlation between the skewness of inflation and aggregates, but the relation with output is less sure. Our results can be …

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 …

. -- monetary policy ; Endogenous money ; industrial organization approach to banking theory ; money multiplier ; vector error …

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price …

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price …

prices of imported crude oil would lead to domestic inflation in Germany had validity. In a model where unemployment rate … changes, money stock growth, and wage growth are all allowed for, OLS estimation reveals that although the inflation rate in … during any calendar year have in the past led to significant domestic inflation for the German economy. …