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 …

What are the real effects of inflation? These collected articles constitute what is perhaps the definitive study of … pricing models under inflation, providing a solid basis for further research on this elusive question. Covering a broad range … of theory and applications by well-known microeconomists, the eighteen contributions evaluate the effects of inflation on …

by nearly double-digit inflation and undergoing massive changes in market structure during the process of transition and …-linear. Product-specific inflation is typically highly persistent. We find that market structure is an important determinant of … depends negatively on the price dispersion and positively on the individual inflation, seems consistent with predictions of …

Modern theories of inflation incorporate a vertical long-run Phillips curve and are usually estimated using techniques … that ignore the non-stationary behaviour of inflation. Consequently, the estimates obtained are imprecise and are unable to … distinguish between competing models of inflation and test the veracity of a vertical long-run Phillips curve. We estimate a …

by movements in inflation and the business cycle. Consequently, based on our data, we find little evidence of a pro …

, outlets and time. Variations in inflation are strongly correlated with the average size of price changes, but rising inflation …

's (1994) suggestion that firm price asymmetry is dependent on inflation. …