The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper … constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass …, and more closely related to headline inflation over the next year. The weighted median also has a drawback: in most …

Over the past 25 years inflation has moderated considerably in all OECD economies. At the same time, the production of …-OECD economies has risen markedly. This paper investigates the extent to which the observed changes in the inflation process can be … inflation to domestic economic conditions has declined whereas the sensitivity to foreign economic conditions has risen, working …

To what extent is the recent spike in inflation driven by a change in its permanent component? We estimate a semi …-structural model of output, inflation, and the nominal interest rate in the United States over the period 1900-2021. The model predicts … that between 2019 and 2021 the permanent component of inflation rose by 51 basis points. If instead we estimate the model …

Post-covid inflation was predominantly driven by unexpectedly strong demand forces, not only in the United States, but … inflation near its 2-percent target---would have severely hampered an already anaemic recovery …

situation poses to price stability. We propose to regard the central banker as a risk manager who aims to contain inflation …

We analyze short-run dynamics of inflation in Ethiopia, using a parsimonious error-correction model fitted with monthly … observations. Our findings show that increased money supply and the nominal exchange rate significantly affect inflation in the … inflation effectively. To circumvent an extreme tightening with discouraging impacts on growth, additional measures are needed …

Over the past 25 years inflation has moderated considerably in all OECD economies. At the same time, the production of …-OECD economies has risen markedly. This paper investigates the extent to which the observed changes in the inflation process can be … inflation to domestic economic conditions has declined whereas the sensitivity to foreign economic conditions has risen, working …

level of inflation we note important regime dependence in the inflation response to monetary policy shocks. …