This paper estimates monthly pass-through ratios from import prices to consumer prices in real time. Conventional time … series methods impose restrictions to generate exogenous shocks on exchange rates or import prices when estimating pass …-through coefficients. Instead, a natural experiment based on data releases defines our shock to foreign prices. Our estimation strategy …

expectations following a shock to inflation, inflation expectations, and oil prices. For the 13 countries that adopted inflation …Using survey data of inflation expectations across a 36 developed and developing countries, this paper examines whether … the adoption of inflation targeting has helped to anchor inflation expectations. We examine the response of inflation …

financial policy and analysis covering four areas: the emergence and taming of the great inflation, developments in US external …