I show that the combination of small positive trend inflation with staggered prices may account for the large relative volatilities found in US labor market data. The model does not have any wage rigidity and is hit only by an aggregate technology shock. The calibration procedure uses standard parameter values. Controlling for the sample average of the CPI inflation rate and the degree of price...

T he consumer price index (CPI) measures the prices urban consumers pay for a representative basket of goods and services. The CPI is one of the most important measures of inflation. The prices of many products and services are directly linked to changes in the CPI. For instance, when the CPI increases, Social Security benefits and wages stated in labor contracts may rise as well. Forecasting f...

It is a great honor to have this opportunity to speak to you today about Japan's current monetary policy. With the aim of achieving its 2 percent price stability target, the Bank of Japan (hereafter the Bank) adopted quantitative and qualitative monetary easing (QQE) in April 2013. QQE was expanded further in October 2014. This was because of the potential risk that a decline in the consumer pr...

in this paper, we develop an inventory model with delay in payments for deteriorating items. in our model, retailer who purchases the items enjoys a fixed credit period offered by his/her supplier and, in turn, also offers a credit period to his/her customers in order to promote the market competition. the demand is assumed to be linear function of the retailer's current-stock level. the effect...

among the agricultural important factors, inputs are the most significant in agricultural production. this article aimed to examine the impact of government subsidy policies on production of one of the most strategic products, namely on production of one of the most strategic products, namely maize, in iran. to achieve this goal, panel data for the nine provinces of iran's major producers of ma...

Bils, Klenow and Malin (2009) recently constructed an empirical measure of reset price inflation (i.e. the rate of change of all "desired" prices) for the US economy, by using the micro-data underpinning the CPI and evaluated whether the existing pricing models can explain both the observed reset inflation and aggregate inflation. They found that time-dependent models and state-dependent models...

examination of demand of money and recognition of important factors, is one of the important problems in macroeconomic. identifying important factors that can affect demand money function, beside other economic factors, guaranty successfulness for economic policies. semblance of many studies have been carried out to specify factors affecting demand of money, indicate some scattering on choosing...