Value relevance studies, which examine the relationship between accounting numbers and equity valuation, use market values sampled a number of months after the publication of annual financial reports. Although it stems from the researchers' belief that accounting information needs to be made...

In this paper, we analyse the sources of time variation in consumer inflation across ten Central and Eastern European (CEE) countries and five sectors (durables, semidurables, non-durables, food, and services) in the period 2001-2013. With a multi-level factor model we decompose product-level...