This paper studies an (S, s) pricing model from the perspective of inflation and price competition in search markets. I … technologies are more efficient, price inflation is counter-intuitively, more likely to increase monopoly power of firms and to …

Consumers' inflation expectations play a key role in the monetary transmission mechanism. As such, it is crucial for … as means to shed light on some of the more puzzling aspects of reported quantitative inflation perceptions and … expectations. These include the apparent overestimation of inflation by consumers as well as the negative correlation observed …