Focal Interest
Focal Interest

Price level

  1. Inflation gaps widen in sticky-price models during rapid inflation
    Examines how fixed-weight price indices diverge from true inflation measures in time-dependent pricing models, with implications for monetary policy assessment during high inflation periods.
  2. Why Higher Trend Inflation Makes Monetary Policy More Costly in South Africa
    Fiscal DSGE analysis for South Africa showing higher trend inflation increases costs via price dispersion; lower trend inflation reduces these costs.