For the first time in the literature, this paper uses survey-based measures of inflation expectations to examine the … relationship between inflation and relative price variability (RPV). Using quarterly consumer price index data for 74 consumption … expected and unexpected inflation on RPV. Both headline and core inflation measures are used. The results show a statistically …

By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … forecast error variance in inflation at the 12-month horizon. While the contemporaneous correlation between inflation and … relative price asymmetry is positive, idiosyncratic shocks lead to a substantial build-up in inflation only after two to five …

This paper studies the Balassa-Samuelson effect in the Czech Republic, Hungary, Poland, Slovakia and Slovenia. Time … accession candidates to meet the Maastricht criterion on inflation in the medium term. Moreover, the observed appreciation of …