Faithin Omaha eBook Collection

Relative prices of some goods or sectors have long-run trends: For example, the price of services relative to goods has been rising fairly steadily for decades.

Using the official micro price data underlying the U.K. consumer price index, we document a new stylized fact for the life-cycle behavior of consumer prices: re

These collected articles constitute what is perhaps the definitive study of pricing models under inflation, providing a solid basis for further research on this

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, i