explain the persistence of inflation. However, both of these theories are inconsistent with the micro data on prices. In this … difference between the GTE and its popular alternatives in terms of inflation persistence, a difference arises when it comes to …

This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and … monetary authority should target the consumer price index (CPI) rather than the Domestic Price Index (DPI). When pass …

inflation, in which only the intensive margin (the size of price increases) adjusts in response to changes in demand and supply … commodity categories, strongly suggests that price increases (inflation) are influenced not only by aggregate trends but also by …The failure to predict the surge in inflation in 2021 raises questions about whether we are better equipped to …