I make inferences about complicated patterns of structural breaks in inflation dynamics. I extend Chib's (1998 … breaks are modeled as abrupt changes to identify potential regime shifts in economic structure such as a long-run inflation … target, monetary policy, and price-setting behavior. I consider postwar quarterly U.S. inflation rates based on the CPI and …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

Why is inflation, 15 years after transition started, still considerably higher in Romania than in the eight EU member … states (EU-8) that joined in May 2004? Panel estimation based on ten central and eastern European countries allows us to … decompose the inflation differential between Romania and the EU-8. The decomposition suggests that neither the revenue, nor the …