The paper seeks to obtain an optimal asymmetric trimmed mean-based core inflation measure in the class of trimmed mean …

Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …

In this paper, a dynamic inflation-protected investment strategy is presented, which is based on traditional asset … classes and Markov-switching models. Different stock market, as well as inflation regimes are identified, and within those … regimes, the inflation hedging potential of stocks, bonds, real estate, commodities and gold are investigated. Within each …

This paper reviews the literature on the effects of low steady-state inflation on wage formation, focusing on four … different effects. First, under low inflation, downward nominal wage rigidity (DNWR) may prevent real wage cuts that would have … happened had inflation been higher. Second, wages (and prices) are given in nominal contracts, and inflation affects both how …