In this paper, we examine the trends in the CPI and the core part of the CPI to bring out a grievous error in the core … CPI. The core in certain years shows a jump of as much as 7% in certain quarters due to the error in the way the rent … prices are computed. During the periods following the Pay Commission implementation, the “ rent” prices rise in the CPI …

formed in a market. We test these predictions in laboratory price setting games and find that in smaller markets collusive …, consistent with our theoretical predictions. We compare various features of price setting behavior in our lab experiments to …

little attention to monetary shocks and change prices less. The dampened price response flattens the Phillips Curve …

Mexico. Also, we model the Consumer Price Index, the Economic Activity Index and the total number of employments economic …

We document the presence of both small and large price changes in individual price records from the CPI in France and … the US. After correcting for measurement error and cross-section heterogeneity, the size-distribution of price changes has … the ratio of kurtosis to the frequency of price changes is a sufficient statistics for the real effects of monetary policy …

Price Index) from the respective statistical institutions of these countries. The following evidences were found: firstly …

stochastic general equilibrium models with nominal price rigidities. While the focus is on Calvo-style nominal price contracts … with a range of indexation rules for constrained price setters, the conclusions have much wider validity: (1) Regardless of … whether nominal price and/or wage rigidities are due to New-Keynesian, Old-Keynesian or sticky-information Phillips curves …