inflation and real rigidity. Analytically, I find that important dynamics in the NKPC are canceled out due to the restrictive … dynamic structure introduced by the non-constant hazards is also quantitatively important to the inflation dynamics …. Incorporation of real rigidity and trend inflation strengthen this effect even further. With reasonable parameter values, the model …

Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By ….g. food prices for low-wage workers). Based on the conflicting-claims inflation literature, we propose a new extension to this … with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality …

In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to …. In addition, during the energy crisis 2022 inflation rates rose dramatically and real wages dropped more than in any …

In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to …. In addition, during the energy crisis 2022 inflation rates rose dramatically and real wages dropped more than in any …

In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to …. In addition, during the energy crisis 2022 inflation rates rose dramatically and real wages dropped more than in any …

generate substantial inflation. Such a shock induces an equilibrium decline in the relative price of services. If price … increase in goods prices, resulting in, on net, little inflation. If prices in the services sector are downwardly rigid …, however, this takes place mostly through an increase in goods prices, resulting in inflation. To illustrate the relevance of …

This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open … paper arrives at a “structuralist inflation targeting agenda”. Based on a proper conception of inflation dynamics, this … involves “getting inflation targeting right” rather than either accepting mainstream inflation targeting prescriptions or …