on both price realizations and expectations. Aggregating the price data we find clear evidence in favor of state …-dependence; for periods of relatively high and volatile inflation not only the size of price changes (intensive margin) but also the … fraction of price adjustment (extensive margin) is important for aggregate inflation dynamics. Moreover, at the business cycle …

on both price realizations and expectations. Aggregating the price data we find clear evidence in favor of state …-dependence; for periods of relatively high and volatile inflation not only the size of price changes (intensive margin) but also the … fraction of price adjustment (extensive margin) is important for aggregate inflation dynamics. Moreover, at the business cycle …

demonstrate that these scanner-based price indices improve inflation nowcasts at this very narrow level, notably already after the …-based inflation expectations that are notoriously difficult to beat. … techniques can help to improve the nowcast of monthly German inflation in real time. Our nowcasting exercise targets three …

, or even outperform, survey-based inflation expectations. … the real-time nowcast of German inflation. Our nowcasting exercise targets three hierarchy levels of inflation: individual … products, product groups, and headline inflation. At the individual product level, we construct a large set of weekly scanner …

countryspecific measures, particularly since the start of EMU, and is useful to predict country-specific inflation. However, it … generally does not encompass country-specific money overhang measures as predictors of inflation. Hence, aggregate money …

-specific measures,particularly since the start of EMU, and is useful to predict country-specific inflation.However, it generally does … not encompass country-specific money overhang measuresas predictors of inflation. Hence, aggregate money overhang is an …

countryspecific measures, particularly since the start of EMU, and is useful to predict country-specific inflation. However, it … generally does not encompass country-specific money overhang measures as predictors of inflation. Hence, aggregate money … ; money overhang ; inflation forecast …

In this paper we challenge the view that the oil price has lost its influence on economic activity after the mid-1980s …. While we concede that typical VAR models put forward in the literature fail to identify oil price shocks that significantly … affect aggregate production, we obtain clearly negative output and positive producer price effects of oil price hikes in a …