-dependent pricing model it takes more time to dampen inflation dynamics after a monetary policy relative to a time-dependent counterpart …

The failure to predict the surge in inflation in 2021 raises questions about whether we are better equipped to … anticipate a future decline in inflation. What tools do we intend to use for predicting the trajectory of inflation? Are we still … primarily relying on survey data regarding inflation expectations, and are we still employing a Calvo-type structure to model …

The failure to predict the surge in inflation in 2021 raises questions about whether we are better equipped to … anticipate a future decline in inflation. What tools do we intend to use for predicting the trajectory of inflation? Are we still … primarily relying on survey data regarding inflation expectations, and are we still employing a Calvo-type structure to model …

A model of firm-level optimal pricing under stochastic inflation and fixed costs of adjusting prices is solved and … characterized. In this model, inflation alternates stochastically between some positive rate g and zero inflation. We find that a … different (s,S) band for each state of the world, with the zero-inflation band wholly contained in the positive-inflation band …

In this study, we analyze the relationship between inflation and economic growth. To this end, we construct a model of … endogenous growth with creative destruction, incorporating sticky prices due to menu costs. Inflation and deflation reduce the … maximize the rate of economic growth by setting their target inflation rate at the negative of a fundamental growth rate that …

microdata, and inflation responses are decomposed into “intensive”, “extensive”, and “selection” margins. Money growth and …

inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random … during both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period …