dynamics. It exploits comovement between in ation and the level from which adjusting prices departed. Prices that increase from …

relation to the recently completed Danish Price History Project. If one define price stability as an inflation rate around 2 … four decades following the end of the Second World War where inflation expectations lost their anchor. …

the theory predicts. Keywords: inflation, deflation, menu costs, Hong Kong, Japan. … inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random cross … both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period, as …

Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …

A major challenge for monetary policy has been predicting how exchange rate movements will impact inflation. We propose … fluctuations "pass through" into import and consumer prices. We show that in a standard open-economy model the relationship between … exchange rates and prices depends on the shocks which cause the exchange rate to move. Then we develop an SVAR framework for a …

2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices … of prices adjusted each month is 8.5% in the euro area versus 10% in the United States; (ii) differences in price … changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly …

and wage inflation have become less synchronized. Global factors (including commodity prices, world slack, exchange rates …Inflation dynamics have been difficult to explain over the last decade. This paper explores if a more comprehensive … treatment of globalization can help. CPI inflation has become more synchronized around the world since the 2008 crisis, but core …

estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … and services. We combine the Harmonized Index of Consumer Prices with indices for asset prices, such as stocks and real … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …

other hand, for consumer prices, demand-pull factors still explain much of the inflation. Finally, we find that the …We empirically examine and compare the determinants of producer and consumer price inflation in 10 Asian economies … during 2000-2015. In this connection, we also investigate the pass-through of global oil prices, global food prices, and …

Trimmed-mean Personal Consumption Expenditure (PCE) inflation does not clearly dominate ex-food-and-energy PCE … inflation in real-time forecasting of headline PCE inflation. However, trimmed-mean inflation is the superior communications and … policy tool because it is a less-biased real-time estimator of headline inflation and because it more successfully filters …