Issues of inflation measurement are fundamental to the conduct of monetary policy. Price indices form the foundation of … mechanism for holding independent policymakers accountable. To shed some light on the role of inflation measurement, the annual …: Price indices used by central banks; the role of wages and productivity in inflation policy; and the measurement and …

product (GDP) growth rate and the consumer price index (CPI) inflation rate, in three countries, the People's Republic of … economy. On the other hand, however, the impact of oil price fluctuations on the People's Republic of China's inflation rate …

CPI weights to account for the changes in spending patterns increases the estimate of inflation over the early months of … the underestimation of inflation. Updated CPI weights should be developed as soon as is feasible, but flux in spending …

We use a simple New Keynesian model, with firm specific capital, non-zero steady-state inflation, long-run risks and … rate by 150 basis points causes output and inflation volatility to rise around 10% above their steady-state standard … deviations from the policy rule and the results are re-enforced by the presence of non-zero trend inflation. …

We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …

patterns in economic activity and inflation following oil price shocks in the euro area. In the normal regime, oil price shocks … followed by sizeable and sustained macroeconomic fluctuations, with inflation and economic activity moving in the same … direction as the oil price. The responses of inflation expectations and wage growth point to second-round effects as a potential …

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