One of the key inputs for inflation targeting regime is the right identification of inflationary or disinflationary … gap an inflation rate (Phillips Curve) and structural restrictions over output stochastic dynamics. The estimation is … problems and exhibits more relation with the Peruvian inflation process than other estimates, calculated with the Hodrick …

This paper presents some new estimates for the relationship between inflation and unemployment in Brazil based on a new … important factor in explaining the high persistence (inertia) of Brazilian inflation; iii) inflation does have an autonomous … inertial component, without linkage to shocks in individual markets; iv) a non-linear relationship between inflation and …

In this paper, we examine whether industry-level forecasts of CPI and PPI inflation can be improved using the … a two or three equation system involving CPI and PPI inflation where the effects of the exchange rate and import prices … time series models, as well as with a model that, in addition, includes standard control variables for inflation, like …

, while those using GMM have reported the inflation dynamics to be predominantly forward-looking. This paper provides a …

The effects of inflation on real wage dispersion and welfare are studied in a cash-in-advance economy with a Walrasian … workers search among the posted wages. In equilibrium, a higher inflation rate reduces the dispersion in real wages. This … result is consistent with both the observed trends in wage dispersion and the inflation rate witnessed in the 1980's and the …

greatly redcues the prediction mean squared error of forecasts of U.S. CPI inflation at horizons of one month and one year …

This paper develops a model which can explain the hump-shaped impulse response of inflation to a monetary shock. A …). Nevertheless, we can show that inflation is hump-shaped under a reasonable range of parameters. It will be also shown that, in … order for inflation to be hump-shaped, sticky wages and variable capital utilization are important as well as dynamic …

Forecasting inflation remains an intriguing research topic among academics and practitioners alike. Recent studies by … or other macroeconomic and financial variables for the purpose of forecasting inflation. In particular, it is found that … Bayesian Averaging of Classical Estimates (BACE) for forecasting inflation. Based upon the idea of model averaging, the BACE …

particular, Argentina, Bolivia, Peru, Russia, and Ukraine remained highly dollarized long after the inflation rate was reduced to … economies that higher inflation has a negative impact on output and financial intermediation, that dollarization and capital … dollarization hysteresis paradox and several other stylized facts. The key link between inflation, dollarization, and capital …