Unless otherwise defined, the adjustment of retail prices to changed market conditions. – The speed of adjustment is of particular importance for monetary policy, especially with regard to inflation expectations, and is therefore monitored by central banks. – See survey of professional forecasters, monetary policy, forward-looking, inflation, perceived, inflation targeting, commodity hoards, two-pillar principle. – Cf. ECB Monthly Bulletin, November 2006, pp. 85 ff. (with comparative overviews).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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