of foreign exporting firms. The magnitude of these changes is greater when governments target domestic price inflation as … opposed to consumer price inflation. A positive shock to domestic labor productivity generates positive - although … quantitatively small - changes in the average productivity of all exporting firms when consumer price inflation is targeted. When …

governments target domestic price inflation as opposed to consumer price inflation. A positive shock to domestic labor … consumer price inflation is targeted. When domestic price inflation is targeted, the same shock causes a fall in the average …

inflation-output tradeoffs in foreign recipient economies through the exchange rate and term premium channels. We also show that …

proposing a theory-based index of exchange market pressure within the euro area. We argue that the euro area entails an inherent …

theory-based index of exchange market pressure within the euro area. We argue that the euro area entails an inherent policy …

old theory of regional integration. At the beginning of the 21st century, the theoretical approach to regional integration …

We examine asset class and factor premiums across inflationary regimes. As periods of high inflation and deflation are … relatively uncommon in recent history, we use a deep sample starting in 1875. Moderate inflation scenarios provide the highest … attractive. By contrast, real equity and bond returns are negative during a high inflation regime, and especially so during times …