We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … and significant impact on sectoral prices. Increased openness lowers prices by both reducing markups and raising … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …

aspects of US methods which affect international comparisons of inflation and output growth. The traditional problem of …

much sharper rise in inflation than measured by the official price indices, whose quality was called into question. In this … paper we gather indirect evidence on the behaviour of prices from the analysis of cash withdrawals from ATM and their … determinants. Since these data do not rely on official inflation statistics, they provide an independent check for the latter. We …

I present and solve the problem of a producer who faces costs of acquiring, absorbing, and processing information. I … producers. I apply these results to a model of inflation. I find that the model can fit the quantitative facts on post …-war inflation remarkably well, that it is a good forecaster of future inflation, and that it survives the Lucas critique by fitting …

prices, is forward-looking with respect to price shocks, responds more to permanent vis-à-vis transitory price changes …, includes asset prices with a potentially large weight, and distinguishes between durable and non-durable goods prices. The … volatile, and a large part of its movements are driven by changes in the prices of houses and bonds. …

the primary deficit with future values of inflation, interest rates, GDP and narrow money growth and changes in the … through adjustments in the primary deficit (80-100%), with less substantial roles being played by inflation (0-10%) and GDP … growth (0-20%). Focusing on the relation between fiscal imbalances and inflation suggests extremely modest interactions. This …

, aimed at making the political costs of inflation more equal to the social costs, are presented and discussed. …The fiscal gains from, and hence the political incentives for, an increase in the inflation rate of ten percentage … rather than from the traditional sources: seignorage and real depreciation of public debt. The welfare costs of such an …

. Motivated by the case of an unanticipated inflation episode, we consider redistribution shocks that shift resources from old to …

between inflation, relative prices and structural change. …The paper argues that Lucas overestimates the Friedman-Bailey type of welfare cost of inflation and neglects other … of Lucas' estimate. The neglected welfare effects of inflation include an adverse Baumol-Tobin effect on growth and …

sticky prices. The macroeconomic environment during this time period allows us to examine how firms adjust prices at low (0 …%) and fairly high (7%) inflation. Our results indicate that firms strongly react to inflation in the timing of their price … adjustment: hazard of price changes is increasing with time and becomes steeper at higher inflation rates. However, we find …