useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …

unionization of parliamentary members has a negative impact on economic growth and at the same time increases inflation while …

useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …

While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … volatility of the transmission from monetary pressure to inflation follows some structure, i.e., if the parameter regime can …Während die Langfristbeziehung zwischen Geld und Inflation in der Literatur als weitgehend gesichert gilt, ist …

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …

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 …

We use parametric power ARCH models of the conditional variance of inflation to model the relationship between … inflation and its uncertainty using monthly data for Germany, the Netherlands and Sweden over a period ranging from 1962 to 2004 ….For all three countries inflation significantly raises inflation uncertainty as predicted by Friedman. Increased …

contribution of fluctuations in inflation to this particular link. In the data, a temporary rise in inflation causes real commodity … prices to rise, as does a rise in trend inflation. We find that a simple dynamic equilibrium model of commodity supply and … demand gives a realistic response of real commodity prices to inflation. Based on historical simulations, shocks to inflation …

independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country's inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …