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 …

inflation series and as well as for the consumer price inflation at representative product groups level, taking into account the … mean of inflation, the inflation measures generally exhibit relatively lower inflation persistence. We also analyze price …We apply classical econometric method to characterize the dynamic behavior of the quarter-on-quarter inflation over the …

decrease in the markup leads to higher inflation rates, as measured by both the CPI and the optimal price index. …The correlation between persistent changes in the markup in one sector of an economy and the inflation rate is …. We find that the correlation is in general positive under an exogenous money growth rule as well as under an inflation …