This paper investigates the question of whether a transition to a low-inflation environment, induced by a shift in … from previous empirical work in its focus on the identification of changes in the inflation environment and its use of a …, supports the hypothesis that exchange rate pass-through declines with a shift to a low-inflation environment brought about by a …

dollars to prices of resource-based commodities, and inflation targeting. This paper explores various aspects of these … phenomena. It uses standard empirical models, and an investigation of the different approaches to inflation targeting in the … helpful to macroeconomic stability. It appears that the most effective monetary policy approach focuses on domestic inflation …

The authors address empirically the implications of structural breaks in the variance-covariance matrix of inflation …) framework as the response of domestic inflation to an impulse in import price inflation. This approach allows them to examine …

monetary order, based on inflation targets and a flexible exchange rate; (ii) a North American monetary union; (iii) a Canadian …