regime during a deceleration in economic activity and with headline and core inflation remaining well below the FOMC's 2 … percent inflation target. Moreover, both short- and long-term inflation expectations were drifting lower. These developments …

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 …

During the Brazilian hyperinflation period (1980-1994), several plans to control the inflation (stabilization plans … aims to analyze, applying econometric tests, if there are structural breakpoints in the inflation series in the moments of … cutting short the inflation) if the inflationary process in the country had not taken massive proportions. Through the tests …

In recent years, activist monetary policy rules responding to inflation and the level of economic activity have been … advanced as a means of achieving effective output stabilization without inflation. Advocates of such policies suggest that … capacity as the primary underlying cause of the 1970s inflation and suggests that apparent differences in the framework …

and inflation rates, which are a proxy of the information stock held by agents. Those in favor of the perfectly informed … dispersion. A change in the inflation level brings a good opportunity to look for the other factors. If price dispersion is … higher during periods of high inflation rates, this means that the information stock held by agents is one of its …

optimal inflation target for the asymmetric union is also discussed. …

conventional view that i) inflation reacts with delay and gradually to a monetary policy shock, ii) announced and credible … disinflations are contractionary and iii) inflation accelerates with vigorous economic activity. We develop a fully-fledged DSGE … model with sticky information and compare it to Calvo sticky prices, allowing also for dynamic inflation indexation as in …

How can we explain the observed behavior of aggregate inflation in response to e.g. monetary policy changes? Mankiw and … view that i) inflation reacts with delay and gradually to a monetary policy shock, ii) announced and credible disinflations … are contractionary and iii) inflation accelerates with vigorous economic activity. I use a fully-fledged DSGE model with …

How can we explain the observed behavior of aggregate inflation in response to e.g. monetary policy changes? Mankiw and … view that i) inflation reacts with delay and gradually to a monetary policy shock, ii) announced and credible disinflations … are contractionary and iii) inflation accelerates with vigorous economic activity. I use a fully-fledged DSGE model with …

optimal inflation target for the asymmetric union is also discussed. …