. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyse the effects on inflation … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of … systematically and robustly associated with lower inflation. The exact form of the monetary target matters somewhat, but is less …

constant markups. The differences are important quantitatively; price differences in Hungarian exports between Germany and the …

heterogeneity in wage rigidity, such as the persistence in price and the wage inflation, which a standard New Keynesian model with …In this paper we estimate a New-Keynesian DSGE model with heterogeneity in price and wage setting behavior. In a recent … study, Coibion and Gorodnichenko (2011) develop a DSGE model, in which firms follow four different types of price setting …

be held constant in the face of a domestic inflation. In this circumstance, import duties and export subsidies would have … in line with domestic inflation. Unless such a passive policy is accompanied by the elimination of trade barriers …

much sharper rise in inflation than measured by the official price indices, whose quality was called into question. In this … determinants. Since these data do not rely on official inflation statistics, they provide an independent check for the latter. We … not homogenous of degree one in the price level, a prediction which is strongly supported by the data. This feature allows …

the public discussion. First, the paper analyses the distribution of price changes in several years, to identify what … cumulated increase in the price of a meal between 1998 and 2003 is substantial (the index rises by 40%). The changeover might …). Part of the restaurant price increase recorded in 2002, however, does seem ascribable to the effect of the changeover. We …