estimate a New Keynesian Phillips curve for Armenia, suggesting a significant role of the output gap and inflation expectations … in determining current inflation. Finally, the underlying fiscal stance over the period 2000-09 is assessed by estimating …

The introduction of inflation targeting in 2006, together with important economic developments such as dedollarization … the time inflation targeting was introduced and reduced levels of dollarization were observed. Results from introducing a …

This paper examines the implications of elevated global food prices for inflation in select Central Asian economies … - Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan. The findings suggest that global food inflation has significant … short-run effects that build over time. Inflation outcomes simulated under alternative global wheat price assumptions …

sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries … of inflation variability, as predicted by the fiscal theory of the price level …

variability over a prolonged period of time, against a background of high inflation. Convergence toward international relative and …

forces that generate inflation in the uncontrolled market, and that cause shrinkage of the controlled economy as resources …