. Thus, financial repression is most successful in liquidating debts when accompanied by a steady dose of inflation …. Inflation need not take market participants entirely by surprise and, in effect, it need not be very high (by historic standards …

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 …

Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses … all relevant information, is available in real-time, and forecasts inflation better than traditional underlying inflation … measures such as core inflation measures. This paper presents the "Federal Reserve Bank of New York (FRBNY) Staff Underlying …

The headline consumer price inflation (CPI) is often considered too noisy, narrowly defined, and/or slowly available … for policymaking. On the other hand, traditional core inflation measures may reduce volatility but do not address other … issues and may even exclude important information. This paper develops a new underlying inflation gauge (UIG) for China which …

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 …