reaction function. The parameter estimates differ in two regards: the NEER responds to inflation in Singapore but not in Hong … variability of inflation has been lower in Singapore, but the volatility of real economic activity has been similar in the two … Singapore, using data for 1984-2004. We estimate an econometric model, comprising a Phillips curve, an IS curve and an equation …

On 18-19 June 2004, the BIS held a conference on "Understanding Low Inflation and Deflation". This event brought …

against the background of low and stable inflation, posing a potential threat to financial and macroeconomic stability. This … imbalances would normally develop alongside rising inflation. This puts a premium on a strengthening of the macroprudential …

exchange rate in recent years in the context of inflation targeting. We find that emerging market economies, being more exposed … not attended to the exchange rate in a manner that contradicted their announced inflation commitments. Furthermore, recent … experience shows that having to keep an eye on the exchange rate is also a fact of life in industrial economies, inflation …

The remarkable stability of low domestic inflation in many countries requires explanation. In this paper, a number of … continuing low inflation, but also its coexistence with rapid growth and low real interest rates. Unfortunately, the analysis … also leads to the conclusion that rising inflation, unwinding financial imbalances, or both, could easily follow the …

Economists on "The evolving inflation process" which the BIS hosted on 28-29 October 2005. The paper first discusses efforts to … document the univariate statistical properties of inflation and how they have changed over the last decades. It then reviews … studies of disaggregated or micro inflation data and evidence from surveys of firms concerning their pricing behaviour. Using …

Several countries are concurrently experiencing historically low inflation rates and ageing populations. Is there a …-frequency inflation. In particular, a larger share of dependents (ie young and old) is correlated with higher inflation, while a larger … share of working age cohorts is correlated with lower inflation. The results are robust to different country samples, time …