high oil prices. Executive Directors commended the Federal Reserve for its monetary tightening. They recognized that the …

slowing growth and rising inflation pressures. Korea has not remained immune to the global slowdown, and with the cycle … turning downward, the trade-off between inflation and growth is deteriorating. Subprime-related turbulences in financial …

This paper analyzes the exchange rate pass-through to domestic prices and its determinants in sub-Saharan African … exchange rate regimes and in countries with a higher income. A low inflation environment, a prudent monetary policy, and a …

critical to meet the emerging needs in money and foreign exchange markets, and to support the transition to indirect methods of …

Chinese inflation, particularly non-food inflation, has been surprisingly modest in recent years. We find that supply … factors, including those captured through upstream foreign commodity and producer prices, have been important drivers of non …-food inflation, as has foreign demand for Chinese goods. Domestic demand and monetary conditions seem less important, possibly …

denominated in foreign currency. Aided by high commodity prices and improved confidence, GDP growth is estimated at 5½ percent …