The impact of macroeconomic management (monetary policy) and administrative price adjustments on price variability in a … low inflation economy characterized by relatively frequent administrative price adjustments is examined. Fluctuations of … administrative price changes and monetary policy. If monetary policy does not account for expected changes in administrative prices …

sticky-price sector and a subsidized price sector for a large number of countries using Bayesian methods. The main result of …, we numerically identify country specific thresholds for the degree of government intervention in price setting under …