Recent monetary search and Calvo-type models predict that the relationship between inflation and price dispersion is U …-shaped, implying an optimal rate of inflation above zero. Moreover, monetary search models emphasize a critical dependence of the real … effects of inflation on sellers’ market power, whereas Calvotype models suggest that the degree of price rigidity …

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 …

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 …

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 …

to re-examine the relationship between price dispersion and inflation. Although existing evidence is mixed, we find …-specific inflation on the other. We also find evidence that dispersion is initially decreasing in anticipated aggregate inflation but is …

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 …

This paper provides new insight into the relationship between inflation and consumer price setting by examining a large … data set of Mexican consumer prices covering episodes of both low and high inflation, as well as the transition between the … two. Overall, the economy shares several characteristics with time-dependent models when the annual inflation rate is low …

The behavior of Spanish inflation rates at the provincial level (consumption prices) differs over the two spans of time … the remarkable persistence shown by the Spanish inflation, the PANIC (panel analysis of non-stationarity in idiosyncratic … second period studied. Besides inflation, we draw attention to a battery of economic and labor variables, mostly through …

The behavior of Spanish inflation rates at the provincial level (consumption prices) differs over the two spans of time … the remarkable persistence shown by the Spanish inflation, the PANIC (panel analysis of non-stationarity in idiosyncratic … second period studied. Besides inflation, we draw attention to a battery of economic and labor variables, mostly through …

In this paper, we present evidence on the statistical features of observed dispersion in inflation rates in the Euro … area. Our descriptive exercise shows that there is still a remarkable dispersion of HICP inflation rates and most of … dispersion originates in the non-traded categories of the HICP. We examine the determinants of inflation differentials in a panel …