on output and inflation when the central bank is `tough.' In sharp contrast to the vast literature which implicitly or … government expenditures or the government's indebtedness reduces output and inflation: fiscal stimulus aiming at raising output … and inflation will do just the opposite. Fighting deflation in a world with central bank independence requires fiscal …

By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … forecast error variance in inflation at the 12-month horizon. While the contemporaneous correlation between inflation and … relative price asymmetry is positive, idiosyncratic shocks lead to a substantial build-up in inflation only after two to five …

sub indexes’ inflation dynamics indicate that the exchange rate pass-through in the perfectly competitive sector is … sector. Also, that inflation inertia is lower in the former than in the latter; adding up in more volatility of the perfectly … competitive inflation rate. For policy makers an interesting feature of the perfectly competitive price index is that the evidence …

controversies surrounding the exchange rate forecastability and the absence of money in models of inflation …

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 …

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 …

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 …