Price inflation in the U.S. has been slow to pick up last two decades. We show that this missing can be traced a growing disconnect between unemployment and core goods inflation. exploit rich industry-level data weakening pass-through from wages prices goods-producing sector is an important source of pickup. develop theory where markups depend on firms' market shares increased import competitio...

Introduction The process of lung inflation during mechanical ventilation is characterized by phenomena of alveolar recruitment and distension but regional interaction and temporal sequence are not known for the core areas of the lung. The only information available are referred to subpleural alveoli, studied by microscopy. Relevance of this issue derives from the notion that 1) radiologic studi...

We examine the real option implicit in a country’s decision of whether to leave an existing monetary union when there is uncertainty over the future benefits of this move. Our theoretical model is calibrated for the current Euro-12 area by proxying policymakers’ inflation preferences with unemployment rates and debt-to-GDP ratios. We observe a robust group of countries that would choose to rema...

inflation has always been an economic problem and different solutions have been proposed to control it. although it is said that “higher output lowers inflation rate” but it is true when other factors are constant. this study searches the answer to the following question: “what is the effect of inflation rate and output in a case that inflation rate and output growth has a volatility trend?” to...

Research background: Inflation has always been the core issue of economic research and there are many academic achievements in this field. In recent years, global inflation intensified, scholars focus on field again, providing certain reference value for countries around world to formulate corresponding macro policies. Purpose article: The five-year impact factors used as evaluation criteria pa...

Wesche as well as from participants of the session on " European Monetary Integration I " at the 47th International Atlantic Economic Conference, Vienna, and from an anonymous referee on this version of the paper. Of course, all remaining errors are those of the author. The views expressed are the author's and do not necessarily correspond to those of the Oesterreichische Nationalbank or those ...

Against the background of large fluctuations in world commodity prices and global growth, combined with ongoing structural changes relating to globalization, this paper examines some of the key factors affecting global inflation. The paper empirically investigates various relative price and structural impacts on global inflation by: estimating a GVAR to examine how oil price shocks feed through...

Against the background of large fluctuations in world commodity prices and global growth, combined with ongoing structural changes relating to globalisation, this paper examines some of the key factors affecting global inflation. The paper investigates the effects of shocks affecting relative prices and structural changes on global inflation by: estimating a global vector autoregression (GVAR) ...

Theory predicts that the level of inflation in an economy and trend prevailing rate may affect how oil price shocks, through their influence on firms’ expectations price-setting behaviors, are transmitted to inflation. However, empirical evidence regarding this relationship is limited calls for further exploration. Using data 12 eurozone countries over period from 1999 2020, we analyze environm...

iran’s economy has experienced an average inflation rate of 18.77 percent during the period of 1979-2010. many economists believe that the budget deficits are one of the main determinants of the chronic and relatively high inflation. this paper investigates the relationship between budget deficits and inflation. dynamics of iran’s monetary sector, based on the three cointegration relations i.e....