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Artículo
Price dispersion and optimal inflation: the spanish case
(Elsevier, 2013)
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 ...
Artículo
Nominal rigidities, skewness and inflation regimes
(Elsevier, 2008)
The menu-costs model developed by Ball and Mankiw (BM) [Ball, L., Mankiw, N.G., 1994. Asymmetric price adjustment and economic fluctuations. Economic Journal 104 (423), 247–261; Ball, L., Mankiw, N.G., 1995. Relative-Price ...
Artículo
Is 2% the optimal inflation rate for the Euro Area?
(Springer Verlag, 2012)
According to the relevant literatu re, monetary policy implications concerning the optimal inflation rate can be derived by examining the relationship between inflation and the Relative Price Variability (RPV). This ...