root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation …

Recent financial instability has called into question the sufficiency of low inflation as a goal for monetary policy … quantity theory, and their policy prescription of price stability supported by lender of last resort activities in the event of …, particularly Austrian theory which stressed the banking system’s capacity to generate relative price distortions and forced saving …

explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …

economic variable occurs that has no direct relation to the contemporaneous behavior of the variables that theory suggests it … involving changes in the inflation and monetary-policy regimes: the move to floating exchange rates following the breakdown of … throughout the industrialized world a decade later. In the case of the float, inflation which had been rising since the mid-1960s …

activities in the commodity markets over the past decade to price inflation. The paper argues that government regulatory policies …

would lead to more general food inflation, but by early 2009 interest focused more on the seeming inability of food prices … retail food price inflation. …