If you’re just tuning in, I’ve spent the last few months debunking some common misconceptions about inflation: Is … inflation a uniform increase in prices? No. Inflation is wildly differential. Is inflation driven by an ‘over-heated’ economy …? No. Inflation tends to come with economic stagnation. Do higher interest rates reduce inflation? No. Higher interest …

Economists on "The evolving inflation process" which the BIS hosted on 28-29 October 2005. The paper first discusses efforts to … document the univariate statistical properties of inflation and how they have changed over the last decades. It then reviews … studies of disaggregated or micro inflation data and evidence from surveys of firms concerning their pricing behaviour. Using …

-country comparisons, is the OECD country with the highest markups in non-manufacturing industries. We propose a two-region (Italy and the … competition in the Italian services sector. Our results indicate that reducing the service sector markups to the levels of the …

contribution of fluctuations in inflation to this particular link. In the data, a temporary rise in inflation causes real commodity … prices to rise, as does a rise in trend inflation. We find that a simple dynamic equilibrium model of commodity supply and … demand gives a realistic response of real commodity prices to inflation. Based on historical simulations, shocks to inflation …

economy. Romer and Romer (2000) found that the Fed reveals information about inflation when it tightens monetary policy. Their … exclude the Fed's revelation of its asymmetric information about future inflation. …