This paper examines the effect of minimum wage changes on local aggregate inflation and consumption growth. The paper … effect on both city-level inflation and spending growth over the years following the change. The most noticeable effects are …

This paper examines the effect of minimum wage changes on local aggregate inflation and consumption growth. The paper … effect on both city-level inflation and spending growth over the years following the change. The most noticeable effects are …

This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …

States in taking inflation into account when calculating Old Age and Survivor Insurance (OASI) Benefits. Because of the … receives an annual benefit more than $1,800 larger than would have been generated with full indexing. While the inflation …-run financial instability for the OASI trust fund in periods of substantial inflation or deflation. They make the percentage …

Using the statistical technique of fuzzy clustering, regimes of inflation and unemployment are explored for the United … inflation/unemployment space. There is considerable similarity across the countries in both the regimes themselves and in the … timings of the transitions between regimes. However, the typical rates of inflation and unemployment experienced in the …

prices that do not cancel out, adding persistence to the process. When inflation is low, no long-run interaction between …Using frequency domain techniques to separate short and long run dynamics and decomposing inflation into its common and … idiosyncratic components, we study the regime dependence of the inflation-RPV relation in Argentina and the USA. Under High …

theoretical predictions and simulations are corroborated when forecasting aggregate US inflation pre- and post 1984 using …

While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … substantially expands the traditional vector error correction approach, to analyze the short run impact of money on prices. We … volatility of the transmission from monetary pressure to inflation follows some structure, i.e., if the parameter regime can …

Any measure of unobserved inflation uncertainty relies on specific assumptions which are most likely not fulfilled … indicator for inflation uncertainty. Moreover, the idiosyncratic component of survey disagreement contains systematic … that higher inflation is followed by higher uncertainty. By contrast, we obtain contradictory results for the individual …

import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the … USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of … affected US prices. Thus, the pre-2005 period is used to filter out the effects of other exchange rates on import and producer …