model (FAVAR). From a set of non-energy commodity price series, we extract two factors, which we identify as common trends … in metals and a food prices. These factors are included in a FAVAR model together with selected macroeconomic variables …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of … systematically and robustly associated with lower inflation. The exact form of the monetary target matters somewhat (especially for …

model of inflation determination estimated on the Czech data.We characterize the estimated components of CPI, WPI and import …

(notably residential property) and inflation; and iii) it looks at the role of public debt for consumer price developments. On … the basis of a VAR analysis, the study finds that i) global money demand shocks affect global inflation and also global … commodity prices, which in turn impact on inflation; ii) global asset/property price dynamics appear to respond to financing …

We examine the global dimension of inflation in 24 OECD countries between 1980 and 2007 in a traditional Phillips curve … to affect inflation through (the common part of) domestic demand and supply conditions. Our most important result is that … the common component of changes in unit labor costs has a notable impact of inflation. We also find evidence that …

impact of energy price changes on overall inflation in the future. For instance, the reaction of HICP inflation to energy …

impact of energy price changes on overall inflation in the future. For instance, the reaction of HICP inflation to energy …

qualitative and quantitative information on subsequent inflation. The usefulness of monetary analysis is contrasted to weaknesses … in modeling monetary policy and inflation with respectively short-term interest rates and real activity measures. The … analysis sheds light on the recent change in inflation volatility and persistence as well as on the Phillips curve flattening …

situation poses to price stability. We propose to regard the central banker as a risk manager who aims to contain inflation …