predictions about the level of price dispersion, as well as about its dynamic properties and sensitivity to inflation. These … dispersion and inflation, and the role of sales in this relationship …

Inflation rates are highly persistent and extremely difficult to predict. Most statistical predictions based on … inflation forecasting that does not specify or estimate any predictive regressions, but rather starts by estimating a … contemporaneous relation between inflation rate and a short-term interest rate, and then relies on the forward interest rate curve to …

In the paper we have investigated to what extent the behaviour of CPI inflation depends on changes in domestic economic … price indices respond to exchange rate movements and/or foreign inflation. The impact of exchange rate is most substantial …

Quantity Theory of Money (QTM) approach, is presented, followed by a new hypothesis for inflation. Two-Dimensional QTM (2-D QTM …The lack of evidence for current theories of inflation, including the classic Keynesian approach and the classic … controlling inflation is also presented, as is a multiple regression model which has predictive value for inflation forecasting …

This paper assesses the macroeconomic consequences of a prolonged period of low and falling inflation when monetary … would reduce inflation and stimulate output have contractionary effects on economic activity, once the ZLB interacts with …

empirical finding when estimated with different expectation formation processes. When inflation becomes de-anchored and … expectations drift, we can observe high inflation even with a mildly positive output gap in response to cost-push shocks. The … normal times to predict the cost of reining in inflation. Our optimal policy exercises prescribe early monetary policy …

The ability of the New Keynesian Phillips curve to explain US inflation dynamics when official central bank forecasts … (Greenbook forecasts) are used as a proxy for inflation expectations is examined. The New Keynesian Phillips curve is estimated … using actual data on future inflation as conventionally employed in empirical work under the assumption of rational …

The term structure of inflation forecasts disagreement in the US can be summarized by two components: disagreement … about the trend inflation, and disagreement about the cyclical inflation. While the former has identical impacts on … forecasting horizons. Only the cyclical inflation disagreement has a significant impact on monetary policy efficacy. High …