effects of changes in monetary policy behavior and the resulting inflation dynamics. …

inflation persistence. The closer to zero this parameter, (i) the more firms tend to adjust on the intensive margin, reducing … wage in determining the marginal cost. This set-up produces realistic labour market figures together with inflation …

career as an academic, focusing on growth theory and Belgian and European growth patterns in the post-war period. His work is … eclectic approach towards economics, blending economic theory and empirical data beautifully to elucidate crucial policy …

I summarize recent progress made in the literature on inflation dynamics. This has been a very productive area of … to inflation dynamics and the characteristics of the information set price-setters use for their price adjustment …

of production, so that a distinction between CPI inflation and PPI inflation arises. More specifically, this paper … addresses the policy conclusion by K. Huang and Z. Liu [2005, "Inflation targeting: What inflation rate to target", Journal of … Monetary Economics 52], which states that central banks should use an optimal inflation index that gives substantial weight to …