This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …

Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro … inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2004) and cluster procedures (Hobijn and Franses …

The aim of the present article is to analyze the convergence of regional inflation rates in Turkey from 2004 to 2015 by … adopting a distribution dynamics approach, namely discrete time Markovian chains. Convergence across regional inflation rates … is politically a crucial matter for two reasons. First, if inflation rates differ largely between regions, monetary …

household and expert inflation expectations in five core European economies (France, Germany, Italy, Netherlands and Spain … in high inflation countries are using higher best fitting constant gain parameters than those in low inflation countries … frequently than households. Furthermore, household expectations in the Euro Area have not converged to the inflation goal of the …