We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the … inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between … discounts grew at a much lower average rate than regular prices, helping to mitigate the inflation burden. By contrast …

interpretation of official inflation data, which are calculated by the Central Bureau of Statistics (CBS) based on a fixed basket of … during the COVID-19 period. We use this synthetic COVID-19 basket to calculate the adjusted inflation rate that should … prevail during the pandemic period. We find that the differences between COVID-19-adjusted and CBS (unadjusted) inflation …

This paper reports a two-stage analysis of inflation persistence using monthly data from 11 IT countries and, for … comparison, the US, a non IT country with a history of credible monetary policy. First, we estimate inflation persistence in a … inflation persistence. We use the sequences of estimated persistence measures from the first stage as dependent variables in the …

We argue that the Great Inflation experienced by both the United Kingdom and the United States in the 1970s has an … common doctrine underlying the systematic monetary policy choices in each country. The nonmonetary approach to inflation …

This paper conducts a structural analysis of inflation persistence in the United Kingdom between 1965-2009. I allow for … and stochastic shock volatility. The first policy regime responds passively to movements in inflation, adjusting the … other regime responds actively to inflation and places less weight on exchange rate movements. This regime is present for …

Since 2021, the inflation rate in Germany and the euro area has increased significantly. At the same time, there are … increasing signs of ``de-anchoring'' of inflation expectations in Germany. This paper - building on the approach of Andre et al …. (2022) - examines in a pilot study survey-based narratives for the rising inflation together with socio-economic factors. A …

recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for … citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …

recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for … citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …