of the system to one comprising inflation and relative prices. This is then estimated in I(1) space. An impulse response … on domestic inflation is moderated. This explains why the depreciation of sterling in 1992 left inflation unchanged. In … contrast, high real import prices in 1974 increased inflation because wage accommodation effects were absent. …

Forecasts are presented for the 12-month ahead US rate of inflation measured by the chain weighted personal consumer … of equilibrium correction terms, which bring gradual adjustment of relative prices into the inflation process, and non …-linearities, to proxy state dependence in the inflation process, is shown to contribute importantly to this out-performance.  There is …

Inflation is a far from homogeneous phenomenon, a fact often neglected in modeling consumer price inflation.  Using a … sectoral sources of inflation, useful to monetary policy.  Data for 1979 to 2003 are used for model selection, and pseudo out …

Inflation targeting central banks will be hampered without good models to assist them to be forward-looking.  Many … current inflation models fail to forecast turning points adequately, because they miss key underlying long-run influences ….  The world is on the cusp of a dramatic turning point in inflation.  If inflation falls rapidly, such models can …

Inflation is a far from homogeneous phenomenon, but this fact is ignored in most work on consumer price inflation …, allowing sectoral sources of inflation to be identified. Aggregating the forecasts of the components with appropriate weights …

Empirical models of inflation often incorporate equilibrium correction effects based upon levels of prices and input … permanent shifts in the markup factor through estimating an inflation equation that includes a time-varying intercept. The model …

Standard open economy models predict that openness to trade should exert a positive effect on the slope of the output-inflation …

inflation dynamics in open economies, but previous studies have not made a distinction between fixed and floating exchange rate … driving output and inflation (the underlying theory requires that monetary shocks dominate). We calculate new measures of the …