This paper provides new insight into the relationship between inflation and consumer price setting by examining a large … data set of Mexican consumer prices covering episodes of both low and high inflation, as well as the transition between the … annual inflation rate is low (below 10-15%), while displaying strong state dependence when inflation is high (above 10 …

hand, frequency of price changes depends on inflation, demand conditions, and the size of last price changes. On the other … frequency of price changes in Latvia depends on inflation as well as demand and supply conditions allows for faster price …

changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …

changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …

The paper provides an empirical analysis of inflation persistence in an inflation targeting country, the Czech Republic …, display smaller inflation persistence than durables and processed goods. Inflation seems to be somewhat less persistent after … the adoption of inflation targeting in 1998. There is also evidence for aggregation bias, that is, aggregate inflation is …

Previous studies have stressed that inflation dynamics exhibit a substantial dispersion across sectors. Using US … producer price data, we present evidence that sectoral inflation persistence is negatively correlated with market concentration … strategic complementarity generates greater inflation persistence, our model successfully replicates the observed negative …

that this may have contributed to more elastic aggregate supply in recent years, which is consistent with lower inflation …

that this may have contributed to more elastic aggregate supply in recent years, which is consistent with lower inflation …

setting behaviour of Portuguese firms. Inflation, the level of economic activity and the magnitude of the last price change …