resilient to external shocks. Enhancing the credibility of the inflation target would provide the monetary authorities with more … commodity prices and sentiment-driven surges in capital inflows, the accumulation of foreign exchange reserves by the central …. Améliorer la crédibilité de l’objectif d’inflation donnerait aux autorités monétaires plus de latitude pour réagir aux chocs …

more weight on alternative indicators of inflation pressure such as wage settlements, trends in unit labour costs and a … wide range of indicators of inflation expectations. The recent fall in margins observed in some countries may, for instance … States, the large unemployment gap could also keep wage inflation under pressure despite a flattening Phillips curve. These …

This paper assesses the OECD’s projections for GDP growth and inflation during the global financial crisis and recovery … the slowdown and later the weak pace of the recovery – errors made by many other forecasters. At the same time, inflation …<BR>Ce document évalue les projections de l'OCDE relatives à la croissance du PIB et à l'inflation durant la crise financière mondiale …

interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour … of economic slack and its impact on inflation, crisis-related hit to potential output and neutral interest rates. However … et d’une inflation faible, conjugués à une croissance durablement atone qui affaiblit la croissance potentielle via des …

reduce inflation and limit the real appreciation of the rouble. Given the strength of Russia’s balance of payments during the … interventions which were only partially sterilised. As a result, inflation remained persistently high. During the global financial … greater exchange rate flexibility should be permitted since (i) commodity exporting countries can successfully run inflation …

economic slack (the output gap), spill-over effects from energy prices onto core inflation and lagged responses to past …To help policymakers form a judgment on inflation risks and the required monetary policy stance the OECD has developed … Outlook to explain recent developments in core inflation, excluding food and energy, based on developments in measures of …

Average inflation in Sweden has been one of the lowest among European countries since the mid- 1990s. Three supply … imports from low-cost producing countries has resulted in falling import prices. Second, deregulation and increased product ….oecd.org/eco/surveys/sweden).<P>Pourquoi l'inflation suédoise est-elle restée obstinément faible ?<BR>Depuis le milieu des années 90, la Suède affiche un des …

In recent years, inflation in the euro area has failed to decelerate decisively while cyclical slack built up in the … analysis conducted on two decades of quarterly data covering 17 countries yields a yes on both counts. First, inflation is … de l'inflation dans la zone euro<BR>Au cours des dernières années, l’inflation ne s’est pas ralentie de manière sensible …

This paper considers a number of different measures of core inflation and tries to identify those containing the most … useful information about future movements in headline inflation rates over the horizons relevant for monetary policy for the … considerably better than the headline rate at determining the underlying inflation trend and, being considerably less volatile, can …

inflation via higher commodity prices and downward pressure via lower non-commodity import prices with the latter effect having …Over the past 25 years inflation has moderated considerably in all OECD economies. At the same time, the production of …-OECD economies has risen markedly. This paper investigates the extent to which the observed changes in the inflation process can be …