This paper investigates the determination of inflation in the framework of an open economy forward-looking as well as … that the output gap is significant in explaining the inflation rate in almost all the countries. Furthermore, at least one … measure of international competitiveness has a statistically significant influence on inflation in all the countries. The …

data. While core inflation is measured with the VSC, the HSC requires a new concept of demand-driven inflation: Residual … (demand) inflation, which gives the impact of short and medium run demand shocks on inflation. Core and residual inflation are …

Motivated by the concern that the recent surge in inflation could retard growth, the paper revisits the nexus between … inflation and growth from the perspective of an emerging economy, India. Examining this relationship using a wavelet multi … and inflation for a short time scale, while it is not significant for a longer time scale. …