game. Reciprocity induces a positive inflation bias and nominal fluctuations in the monetary union. …

economy may be affected by the present circumstances of low rates of inflation and low nominal interest rates. …

banker's preferences for inflation stabilization relative to output stabilization. Transparency enhances the central bank …'s accountability. The paper shows that transparency leads to a lower expected rate of inflation and less stabilization of supply shocks. …

facilitate credible, low-inflation policies depends critically on the political structure of the monetary union. Efficient …

In recent years, inflation in the euro area has failed to decelerate decisively while cyclical slack built up in the … analysis conducted on two decades of quarterly data covering 17 countries yields a yes on both counts. First, inflation is …

We examine inflation and uncertainty in the UK with a version of the Markov Switching model, which allows for changes … in lowering inflation uncertainty. The 1981 budget, however, greatly lowered uncertainty, and the adoption of a formal … inflation target also had a palpable, negative impact on inflation uncertainty. As a suggestive exercise, we examine inflation …

This paper examines the relationship among money, housing, and consumer price inflation in China since 1998. We use a … real economy via changes in house prices; the changes in house prices are then transmitted to consumer price inflation in … the underlying pattern of inflation behavior in China. Relevant policy implications are also discussed. …

This paper focuses on modeling and forecasting inflation in India using an augmented Phillips curve framework. Both … demand and supply factors are seen as drivers of inflation. Demand conditions are found to have a stronger impact on non …-food manufactured products (NFMP) inflation vis-a-vis headline wholesale price inflation; moreover, NFMP inflation is found to be more …