%) and fairly high (7%) inflation. Our results indicate that firms strongly react to inflation in the timing of their price … adjustment: hazard of price changes is increasing with time and becomes steeper at higher inflation rates. However, we find … little evidence that the amount by which they change the price responds to the inflation rate. …

low (0%) and fairly high (7%) inflation. Our results indicate that firms strongly react to inflation in the timing of … their price adjustment: hazard of price changes is increasing with time and becomes steeper at higher inflation rates …. However, we find little evidence that the amount by which they change the price responds to the inflation rate …

to inflation explains only a tiny fraction of the variation in nonzero nominal price changes, (b) stores whose last … variability is not related to inflation. (Copyright: Elsevier) …

inflation and a permanent reduction in the level of unemployment. In short, we derive a microfounded long-run downward …

It is commonly asserted that inflation is a jump variable in the New Keynesian Phillips curve, and thus wage …-price inertia does not imply inflation inertia. We show that this "inflation flexibility proposition" is highly misleading, relying … affect inflation, but are also influenced by it) the phenomenon of inflation inertia re-emerges. Under plausible parameter …

and services, although the differences are not dramatic. The size of price decreases plays a key role in inflation … and so cancel one another out. -- Price rigidity ; inflation …

individual-goods price adjustments, have stock returns that are always positively correlated with inflation. The cross … inflation is positive, agents are willing to pay a premium to hold assets whose returns covary negatively with inflation. In … contrast, we empirically find that the dispersion in the correlation between stock returns and inflation is about 100 times …