In this paper we explore the link between the intensity of product market competition and inflation rates across EU … countries and sectors. We consider long-term averages of inflation rates in order to remove the cyclical behavior of inflation … product market competition, as proxied by the level of mark-up in particular, is an important driver of inflation …

inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random … during both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period …

Why is inflation, 15 years after transition started, still considerably higher in Romania than in the eight EU member … decompose the inflation differential between Romania and the EU-8. The decomposition suggests that neither the revenue, nor the … balance of payments, nor the financial stability motive are driving inflation; rather structural differences are at play. The …

inflation rates mainly to make up for, and to perhaps exploit, lagging internal and external liberalization in their economies … changes in institutions, suggest that incentives may be diminishing, but not to the point where inflation levels below 5 … inflation, and enhancements to central bank independence could help shield these central banks from pressures. …

aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …

We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …

An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is … presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of … inflation to its reduced form determinants. These findings are attributed to the behaviour of wages following movements in …

and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation …