potential output growth and the attendant and partly temporary slowdown in inflation. Assessing the NE is however a complicated … long-run perspective, the central bank could capitalise on the NE to set lower inflation targets. In the short to medium …

Monetary union can benefit countries suffering from policy credibility problems if it eliminates the inflation bias and … union may be welfare improving even for low-modest levels of inflation bias (2-3%) as long as business cycles are not too a …

The decline in the sensitivity of inflation to domestic slack observed in developed countries over the last 25 years … also the bigger ones) enter the export market. They tend to transmit less marginal cost fluctuations into inflation because … the proportion of large firms reduces the pass-through of marginal cost into inflation. …

monetary policy in the United States, in particular its interaction with the formation of inflation expectations and the … linkages between monetary policy, inflation expectations and the behaviour of CPI inflation. We use Livingston Survey data for … expected inflation, measured at a bi-annual frequency, actual inflation, unemployment and a nominal interest rate to estimate …

sales; (iv) price changes related to sales and product replacements are less driven by inflation variations than regular … price changes; (v) the monthly inflation rate is correlated to the frequencies of price decreases and increases. The …

Dans ce papier, nous comparons quatre indicateurs de l'inflation sous-jacente: l'approche par exclusion de postes, les … estimateurs "a influence limitee" comme l'inflation mediane, les mesures issues d'un VAR structurel et une mesure tiree d …

'une faible inflation (2%) à une inflation nulle pour les économies française, allemande, britannique, espagnole et américaine … l'indexation imparfaite du système fiscal. Des études récentes ont montré qu'un passage d'une inflation de 2% à la …