rigidity during a period of a runaway inflation, when the annual inflation rate was in the range of 60%–430%. Surprisingly, we … price adjustments even in a period of a runaway inflation, when 85 percent of the prices change every month …

Previous studies have stressed that inflation dynamics exhibit a substantial dispersion across sectors. Using US … producer price data, we present evidence that sectoral inflation persistence is negatively correlated with market concentration … strategic complementarity generates greater inflation persistence, our model successfully replicates the observed negative …

that this may have contributed to more elastic aggregate supply in recent years, which is consistent with lower inflation …

that this may have contributed to more elastic aggregate supply in recent years, which is consistent with lower inflation …

A fully inflation-indexed economy stabilizes economic inter-temporal relationships and offers a set of potential … benefits: hedging the economy against inflation; improving the performance of the financial system; helping to lessen the most …

inflation. To this end, the bivariate noisy Mackey-Glass process recently developed by Kyrtsou and Labys (2006) has been applied … influences of speculative price behaviour on inflation …

Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in … incorporates two key features of the theory. Unlike previous studies, we model inflation as nonlinearly related to fiscal deficits … through the inflation tax base and estimate this relationship as intrinsically dynamic, using panel techniques that explicitly …

Threshold inflation that maximizes long-term growth in an economy is dependent on fiscal deficit (FD) and current … account deficit (CAD). Since the existing empirical literature on threshold inflation lacks a robust theoretical framework …, the present study considers the theory developed by Dholakia (2020) to estimate threshold inflation that maximizes steady …