dynamischen Einfluss von Inflation auf die Preis-Streuung im Querschnitt (relative Preisvariabilität, RPV). Wir schätzen eine …Distortionary effects of inflation on relative prices are the main argument for inflation stabilization in macro models … with sticky prices. Under indexation of non-optimized prices those models imply a nonlinear and dynamic impact of inflation …

inflation - is a central determinant of welfare, the cost of business cycles, the optimal rate of inflation, and the tradeoff … between inflation and output stability. While the comovement of price dispersion and inflation implied by standard models is … the data, the comovement of price dispersion and inflation turns positive. Nevertheless, I show that a wide variety of …