containing information on real economic activity, inflation, interest rates and Divisia monetary aggregates produces the most …

The authors investigate empirically the relationship between different aspects of inflation and relative price …. The authors show that expected inflation, which is captured by the menu cost model, is the aspect of inflation that is …. The authors, however, cannot completely discard inflation uncertainty (the signal extraction model), especially when using …

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 …

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

This paper surveys the empirical literature on the benefits of low inflation emphasizing contributions since 1990. It … at the costs of inflation, or the benefits of price stability, in the context of four themes: inflation creates … uncertainty about the future; there are costs of having to cope with inflation; inflation affects equity and fairness; and 'living …

A vector error-correction Model (VECM) that Forecasts inflation between the current quarter and eight quarters ahead is … found to privide significant leading information about inflation. The model focusses on th effects of deviations of M1 from …

This paper examines the performance of M1 in an indicator model of inflation over time horizons as long as 16 quarters … the deviations of M1 from its long-run path provide "distant-early-warning" information about the future path of inflation. …

The purpose ot this study is to test the hypothesis that inflation uncertainty increases at higher levels of inflation … conditional variance of the error term to be time-varying. Since this variance is a proxy for inflation uncertainty, a positive … relationship between the conditional variance and inflation would be interpreted as evidence that inflation uncertainty increases …

2001-06 period, the direct effect of consumer goods imported from China is estimated to have reduced the inflation rate by …