Now showing items 1-10 of 2232
Disagreement in inflation forecasts and inflation risk premia in Brazil
(Sociedade Brasileira de Econometria, 2017-05-25)
The aim of this study is to investigate the link between the inflation uncertainty and the inflation risk premia implied by the term structures of nominal and real interest rates in Brazil. We gauge the latter by the ...
High inflation: resource misallocations and growth effects
(Universidad de Chile. Facultad de Economía y Negocios, 1996-12)
High inflation disrupts the organization of markets. This paper relates those “Industrial Organization” effects of inflation to the poor growth performance of high-inflation economies, in the context of a Schumpeterian ...
Time-dependent or state-dependent pricing? Evidence from firms’ response to inflation shocks
This paper proposes a test for distinguishing between time-dependent and state-dependent pricing based on whether the timing of pricing changes is affected by realized or expeted inflation. Using Brazilian data and exploring ...
On the causes of inflation: a brief introduction to the strategic theory
(Universidad de Chile. Facultad de Economía y Negocios, 1993-12)
This note is a brief introduction to the strategic theory of inflation initiated by Barro and Gordon (1983a). The discussion is organized around the question of which are the causes of inflation according to the strategic ...
Price Dispersion and Optimal Inflation: the Spanish Case
This paper studies the relation between inflation and relative price variability (RPV) in Spain during the 1987-2009 period. We find that this relation presents a U-shape profile, and that the optimal annual inflation rate ...
A structuralist inflation curve
This paper presents a structuralist model of inflation and applies it to the US economy. The model uses a mark-up rule to specify inflation as a function of income distribution and capacity utilization, as usual in ...
FURTHER EVIDENCE ON FRIEDMAN'S HYPOTHESIS: THE CASE OF PARAGUAY
(Instituto de Economía, Pontificia Universidad Católica de Chile, 2001)