that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation …Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are … model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate …

of importers and exporters, budgets, inflation, and poverty. For market participants and policymakers, managing low … determinants of low frequency volatility, two of which—the variation in U.S. inflation and the U.S. dollar exchange rateâ …

developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help …

We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for …-relevant exercises. First, we filter international and Kenyan data (on output, inflation and its components, exchange rates and interest … inflation. Third, we perform an out-of-sample forecast to identify where the economy—and therefore policy—was likely headed …