The behavior of Spanish inflation rates at the provincial level (consumption prices) differs over the two spans of time considered in our study (1955.1-1978.6, 1978.7-2014.4). We point to a long list of institutional and economic changes, at national and international levels, as the potential...

In this paper we analyze the incidence of the distribution of price changes on the inflation rate of Spanish regions (1994-2001).Especially,we pay attention to the role of variability and skewness.The methodology applied is based on the menu cost models developed by Ball and Mankiw.In general,we...

This paper analyses the effects of supply shocks on the Spanish inflation rate. The methodology applied is based on Ball and Mankiw (1995). These authors assume that a good proxy for supply shocks is the third moment of the distribution of price changes, and show that nominal rigidities imply a...

Changes in labor legislation may have a major impact on inflation. They transform the structure of labor costs, the most important cost for firms. This channel of influence has barely been explored. This paper presents empirical evidence of its effect on inflation. Using the Phillips curve...

The behavior of Spanish inflation rates at the provincial level (consumption prices) differs over the two spans of time considered in our study (1955.1–1978.6, 1978.7–2014.4). We point to a long list of institutional and economic changes, at national and international levels, as the...

we analyse the impact of fiscal policy shocks in the euro area as a whole, using a newly available quarterly dataset of fiscal variables for the period 1981-2007. to allow for comparability with previous results on euro area countries and the us, we use a standard structural var framework, and...