cross-country differences in the mismatch of perceived and actual inflation in the aftermath of the cash changeover are …

. The positive welfare-maximizing inflation rate optimally trades off the efficiency gains from lower markups and the …In standard macroeconomic models, the costs of inflation are tightly linked to the price dispersion of identical goods …. Therefore, understanding how price dispersion empirically relates to inflation is crucial for welfare analysis. In this paper, I …

-chain pressures eased, these firms were able to further increase markups due to the stickiness of inflation expectations. The …We document how supply-chain pressures, household inflation expectations, and firm pricing power interacted to induce … the pandemic-era surge in consumer price inflation in the euro area. Initially, supply-chain pressures increased inflation …

, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …

This paper reinvestigates the performance of trimmed-mean inflation measures some 20 years since their inception … measures in forecasting headline inflation. …

Survey-based expectations are mostly used by monetary authorities for inflation forecasts and evaluation of the … credibility of their inflation fighting policies. It is also an important link in the monetary policy transmission mechanism. This … study examined the predictive ability of business expectations survey (BES) inflation index on movements of inflation as …

investigate the inflation expectations and uncertainties of firms. We document that, in the aggregate, firm inflation expectations … are very similar to the predictions of professional forecasters for national inflation statistics, despite a somewhat … inflation expectations bear little in common with the "prices in general" expectations reported by households. Next we show that …

investigate the inflation expectations and uncertainties of firms. We document that, in the aggregate, firm inflation expectations … are very similar to the predictions of professional forecasters for national inflation statistics, despite a somewhat … inflation expectations bear little in common with the "prices in general" expectations reported by households. Next we show that …