asymmetry of sectoral relative-price changes and the aggregate inflation rate. This correlation is widely interpreted as … evidence that short-run inflation is determined by supply-side factors; however, we study whether, in addition to the inflation …, that the positive and significant effect of relative-price change asymmetries on inflation is not robust with respect to …

I study the effect of the trending relative price of investment on the optimal target rate of inflation. The price of … optimal target rate of inflation in terms of the price of consumption. The Bayesian estimation of a dynamic general … of investment goods. The resulting optimal target rate of inflation is significantly positive with a median of 1 …

Much empirical evidence suggests that wage increases do not lead to inflation. This paper demonstrates that a 2-sector … an increased wage-markup on the inflation rate in both the goods sector and the service sector. The mechanisms we …