inflation and output dynamics in the United States. In particular, I find that real money balance effects are quantitatively …

Real wage rigidities have recently been proposed as a way of building intrinsic persistence in inflation within the … and inflation in the New Keynesian Phillips curve. From a methodological perspective, these results derive from our … Curves hold promise empirically and provide interesting research directions. -- Inflation and prices ; Labour markets …

We study a model with repeated moral hazard where financial contracts are not fully indexed to inflation because …

this phenomenon, which has been observed for several other countries, may be due to a change in the behaviour of inflation …. Specifically, moving from a high to a low-inflation environment has reduced the expected persistence of cost changes and, by … policy has responded more aggressively to inflation deviations over the low pass-through period relative to the high pass …