that productivity shocks alone generate significant variation in inflation across the two countries. Government spending … shocks, in contrast, do not account for a significant portion of inflation variation. Varying relative country size, we find … that smaller countries experience higher variability of their inflation differential in response to shocks to productivity …

fixed capital formation, human capital development, inflation, and government expenditure, significantly have spatial … evident that foreign public debt has a negative impact on economic growth, which is consistent with the debt overhang theory …

This paper provides empirical evidence of the role of spatial factors on the determination of inflation dynamics for a … representative set of tradable commodities in Chile. We present a simple model that explains inflation divergence across regions in a … inflation while macroeconomic common factors do not play an important role in this process. Existing literature had obtained the …

This paper explores the impact of the adoption of inflation targeting (IT) on the dynamics of city-level inflation in … Korea using both aggregate and sector-level data. When looking at aggregate regional inflation, we find that the mean … the literature. We also note a narrowing of the dispersion of regional inflation across cities and a greater degree of …

We investigate co-movements and heterogeneity in inflation dynamics of different regions within and across euro area … countries using a novel disaggregate dataset to improve the understanding of inflation differentials in the European Monetary … Union. We employ a model where regional inflation dynamics are explained by common euro area and country specific factors as …

We investigate co-movements and heterogeneity in inflation dynamics of different regions within and across euro area … countries using a novel disaggregate dataset to improve the understanding of inflation differentials in the European Monetary … Union. We employ a model where regional inflation dynamics are explained by common euro area and country specific factors as …