Exact(1)
There are two main problems associated with the asymmetric inflation reference scenario.
Similar(59)
Probit estimates on the ability of a country to get inflation below the reference value under a fixed exchange rate show a strong effect for the relative price level.
Collective agreements last around 2.5 years a long duration similar to those of Scandinavian countries and include annual wage setting policies and protection clauses in case of deviations from the inflation rate of reference.
The costs were expressed per 1,000 monitored patient-days and adjusted for monetary inflation to the reference year 2006.
As a sports addict, King tended to leaven his discourses on monetary policy and inflation targeting with references to Aston Villa, the Ashes and epic battles on the centre court at Wimbledon rather than 18th century writers, but the ex-governor's family told the Bank that a bust of Goethe was what he really wanted.
In its first direct reference to inflation in months the central bank noted that "with pressures on labour and product markets easing, inflation is expected to remain contained".
The president was harshly criticised by the opposition for not making a single reference to inflation in her three-hour speech to Congress.
Mr. Bernanke made only a brief reference to inflation and interest rates in a 25-minute speech that opened the Fed's annual economic symposium in this mountain resort.
It also said that measures of underlying inflation had been subdued, a reference to core prices.
(The Lessons column the same day, about the issue of grade inflation, also omitted such a reference).
All cost data was adjusted for inflation at 5% to the reference year of 1998.
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