This paper uses a two-sector model to estimate the relationship between prices, money, and the exchange rate in … monetary aggregates, domestic prices, real income, and foreign interest rates. In addition, the error-correction model shows …

-through to prices, and interest rate policy following, rather than leading, financial market developments. Our estimated monetary …

factors argued to explain the differences in the trends in core inflation and relative prices in the United Kingdom, the Euro …

We study the cyclical properties of sales, regular price changes and average prices paid by consumers ("effective …" prices) in a dataset containing prices and quantities sold for numerous retailers across a variety of U.S. metropolitan areas … prices paid by consumers declines significantly with higher unemployment. This discrepancy can be reconciled by consumers …

factors, including those captured through upstream foreign commodity and producer prices, have been important drivers of non …

international prices and exchange rate depreciation indicate a significant pass-through of import prices. In the short run, external … shocks of international prices and the exchange rate account for most variations in inflation, but domestic shocks to money …