charges, higher inflation increases the seasonal fluctuations. I test this prediction for the case of price seasonality using … increases with the rate of inflation. This is the case especially for goods with market power and significant adjustment costs. …

prices, myopic perfect foresight of current inflation rates and adaptively formed medium run expectations concerning the … investment and inflation climate in which the economy is operating. The resulting nonlinear 5D model of labor and goods market …

welfare, since it often reduces the union’s utility. In particular, we show that an inflation-neutral union will never find it …

Modern monetary policy analysis is built around the concept of an interest rate rule that responds to both inflation … suggest that targeting the true output gap can be well approximated by a rule that only reacts to inflation. …

correlation between inflation and output. Furthermore, this result is robust to parameter values and specification of the … inflation equation. …

Most of the papers in the sticky-price literature are based on a log- linearization around the zero inflation steady … state, a simplifying but counterfactual assumption. This paper shows that when trend inflation is considered, both the long … results obtained by models log-linearized around a zero inflation steady state are quite misleading. Furthermore, the same is …