Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on … the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by … significant changes in relative prices. Second, as wage and price indexation takes root, the inflationary effect of shocks to …

between inflation and output stability. While the comovement of price dispersion and inflation implied by standard models is … the data, the comovement of price dispersion and inflation turns positive. Nevertheless, I show that a wide variety of …In macroeconomic models, the level of price dispersion - which is typically approximated through its relationship with …

The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … price shocks may indeed drive one-year household inflation expectations. The model shows that there have been several such … episodes since 1990. In particular, the rise in household inflation expectations between 2009 and 2013 is almost entirely …

frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative …This paper investigates the dynamic interactions of the cross-section distribution of sectoral price changes and the … price skewness, and output growth can be successfully detected by the MFVAR. The cross-section distribution of sectoral …

influence of cocoa prices on consumer price inflation is strong and statistically significant. The influence of the budget …We verify whether cocoa prices could be a source of inflation in five countries of the West African region within a … remittances enables us to examine the effect of an international capital flow variable on inflation. The results reveal that the …

We investigate the relationship between inflation and price variation using highly disaggregated, weekly price data for … correlated with price changes. As the rate of inflation rises, both variability and dispersion become affected. During … problems. -- price dispersion ; price variability ; inflation …

account the changes that occurred in relative price movements between the pre-inflation targeting (ie 1994–2001) and inflation … their distribution are positively related to movements in short-run inflation. Moreover, price adjustments are observed to …The paper uses disaggregated price data to determine whether the higher moments of the distribution of relative price …

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price … data from the German Consumer Price Index that covers the years 1998 to 2003. We strong find evidence of time- and state …-dependent price adjustment. Most importantly, the differences in quot;unconditionalquot; sectoral price flexibility are found to be …

. Using a new database for 21 countries, the effect of relative price variability on inflation is estimated within a framework … controlling for nominal and real shocks. Money and wage growth were the most important determinants of inflation; relative price …In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation …

This paper derives generalized impulse responses from the estimation of a vector autoregression (VAR) model using … monthly data between 1995 and 2005 for Mexico, to examine the inflation-RPV relationship, and to investigate if remittances … could account for the observed relationship. While the positive relationship between inflation and RPV is a robust result …