This paper explores the relationship between inflation and relative price variability (RPV) by using disaggregated CPI … data for Pakistan. Three methods have been used to assess the functional form and stability of the relationship between … inflation and RPV; (a) visual assessment through scatter plots; (b) rolling regression analysis, and (c) Bai-Perron multiple …

have a stronger bargaining position when they try to prevent a cut in nominal wages. If inflation is so low that some … a long run trade off between inflation and unemployment for low levels of inflation. The prediction that low inflation …

Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …

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 … inflation, strong long-run comovement between RPV and Inflation is found for both economies, that extends to the short run …

Ausgleich von Preisschocks durchsetzt, zu hoher Inflation und letztlich zu harter restriktiver Geldpolitik mit Arbeitslosigkeit … side of capital. The experience of the inflation wave and oil price shocks of the 1970s shows that a wage policy that … enforces full compensation of price shocks through higher wages leads to high inflation and ultimately to harsh restrictive …

After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …

This report offers a strategic view on the economic and inflation environment in the euro area as part of the monetary … policy strategy assessment 2025. It reassesses the factors shaping the inflation and economic environment in light of the … recent inflation experience, analyses changes in structural factors and examines the implications for the inflation …

, through the New Keynesian Phillips Curve, lower inflation. While the proposed model does a good job at matching the observed …