(in relation to central bank credits) is more effective in tackling consumer price inflation than that, targeting the …

whether consumer prices and commodity prices react to excess liquidity, and if the different price elasticities of supply for … goods and commodities allow for differences in the dynamic paths of price adjustment to a liquidity shock. The results show …

price changes are decreasing. This means that a firm will have a lower probability of changing its price the longer it has … kept it unchanged. This result is at odds with standard models of price setting. Here a simple explanation is proposed …: decreasing hazards may result from aggregating heterogeneous price setters. We show analytically the form of this heterogeneity …

's inefficiencies-the price paid for funding its unspent surpluses and the overpayments made to purchase its spending policy. We show …

How do households form their inflation expectations? We show the price changes individual consumers observe while … the Nielsen Homescan Panel to construct household-level measures of perceived inflation. We find perceived price changes … expenditure share determines the importance of perceived price changes for inflation expectations. The effect is stronger for …