In this paper, we present evidence on the statistical features of observed dispersion in inflation rates in the Euro … area. Our descriptive exercise shows that there is still a remarkable dispersion of HICP inflation rates and most of … dispersion originates in the non-traded categories of the HICP. We examine the determinants of inflation differentials in a panel …

In recent macroeconomic theory, relative price variability (RPV) generates the central distortions of inflation. This … paper provides first evidence on the empirical relation between inflation and RPV in the euro area focusing on threshold … effects of inflation. We find that expected inflation significantly increases RPV if inflation is either very low (below -1 …

Recent monetary search models emphasize that the real effects of inflation via its impact on price dispersion depend on … the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation …-price dispersion nexus is predicted to be asymmetrically V-shaped which implies an optimal inflation rate above zero. For highly …

In recent macroeconomic theory, relative price variability (RPV) generates the central distortions of inflation. This … paper provides first evidence on the empirical relation between inflation and RPV in the euro area focusing on threshold … effects of inflation. We find that expected inflation significantly increases RPV if inflation is either very low (below -1 …

Recent monetary search models emphasize that the real effects of inflation via its impact on price dispersion depend on … the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation …-price dispersion nexus is predicted to be asymmetrically V-shaped which implies an optimal inflation rate above zero. For highly …

of pricing behavior. The effect of market structure on persistence of inflation results from two conflicting forces … the frequency of price changes depends negatively on the price dispersion and positively on the product-specific inflation …

of pricing behavior. The effect of market structure on persistence of inflation results from two conflicting forces … the frequency of price changes depends negatively on the price dispersion and positively on the product-specific inflation …