across the sample. Evidence in favour of a diminishing effect of oil price shocks on the output and inflation is found from … the oil price movements could explain at least some of the recent inflation, the main difference between these outcomes …This paper analyses the impact of oil both price shocks on the GDP and prices in the Spanish economy and its seventeen …

The German petrol station market is characterized by strong intraday price cycles, which probably correspond to the … sequence in which, after generally rising prices during the day, a single supplier is the first to reverse the price trend and … lower its price. For this purpose, current price reports are used to define the price reduction event down to the second …

inflation and deflationary biases in inflation expectations. In a model with an occasionally binding zero-lower-bound constraint … of this model using unique individual-level inflation expectations data across nine countries that allow for a direct … identification of these biases. Both inflation and deflationary biases are present (and sizable) in inflation expectations of these …

Inflation and earnings growth can push some tax payers into higher brackets in the absence of inflation …-indexed schedules. Moreover, inflation may affect the composition of individuals’ income sources. As a result, depending on the relative … tax burden of labor and capital, inflation may decrease or increase the difference between before and after-tax income …

commiting to keep interest rates low at the exit of the liquidity trap, to stabilize inflation today. 2. From debt … consolidated budget) monetary policy becomes subservient to fiscal policy, giving rise to more volatile inflation, output and … interest rates. Liquidity trap (LT) episodes are longer, however, the impact of interest rate policy commitments on inflation …

stability or flexibility of a currency with respect to one ("anchor") currency, thus implicitly neglecting information on … that our "effective" approach is superior when it comes to assessing the impact of exchange rate regimes on inflation …, because fixing an exchange rate vis-'a-vis one currency does not completely anchor domestic prices in a world with multiple …

In this paper we examine if Slovak retail gasoline and diesel prices respond more quickly when crude oil price rises … to be basic tool for the analysis of asymmetric retail price reaction of gasoline and diesel. The explanatory variable is … divided into two variables, the positive and the negative differences implying a price increase and a price decrease. Due to …