This paper examines the distribution of Belgian consumer prices and its interaction with aggregate inflation over the … aggregate inflation, irrespective of the average inflation rate. The dispersion of relative prices has also a positive impact on … aggregate inflation in the short run and this impact is significantly lower in the sub-sample starting in 1988 than in the pre …

explain the persistence of inflation. However, both of these theories are inconsistent with the micro data on prices. In this … difference between the GTE and its popular alternatives in terms of inflation persistence, a difference arises when it comes to …

I document the frequency and size of price adjustments using thirty years of monthly data covering both high- and low-inflation … periods. Prices increase more frequently in smaller amounts when inflation is high, and less frequently but in larger amounts … when inflation is low. A novel decomposition of the inflation rate shows that when inflation is high and volatile the …

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price …

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price …

In this paper, we examine the extent to which monetary policy should respond to movements in sectoral inflation rates … for different responses to inflation in different sectors outperforms a rule which just targets aggregate CPI, as does a … rule that responds only to non food and energy inflation. However, we find that the optimal sectoral rule only leads to a …