This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …

prices and markups following the introduction of an official inflation target of 2 percent. Using a structural model to … price-change dispersion can be attributed to a decrease in the cross-sectional variance of inflation expectations. The lower … dispersion of inflation expectations results in a lower markup dispersion and a welfare gain equivalent to a 0.79 percent …

prices and markups following the introduction of an official inflation target of 2 percent. Using a structural model to … price-change dispersion can be attributed to a decrease in the cross-sectional variance of inflation expectations. The lower … dispersion of inflation expectations results in a lower markup dispersion and a welfare gain equivalent to a 0.79 percent …

estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …

. Statistical core inflation rates perform relatively well, while core rates based on economic theory suffer, in particular, from a …This study compares different methods of calculating the core inflation rate, the latter being taken as the general … price trend, i.e. the persistent component of measured inflation. This price trend is therefore assumed to be free of …