This article provides an overview of the burgeoning academic literature on price dynamics and price cycles in retail petrol markets. I first present evidence of petrol price cycles, and studies that describe what types of petrol markets tend to exhibit price cycles. I further discuss empirical...

The Great Recession and current pandemic have focused attention on the constraint on nominal interest rates from the effective lower bound. This has renewed interest in monetary policies that embed makeup strategies, such as price-level or average-inflation targeting. This paper examines the...

We outline in turn criticisms made by econometricians of the methods used in empirical business-cycle research and then criticisms made by business-cycle researchers of some methods used by econometricians. The aim is to clarify and in some cases correct these criticisms. Overall there is no...