experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the "standard model" suffice to explain the broad contours of macroeconomic outcomes in …

misinterpret the information coming from the financial markets as exogenous productivity shocks they unknowingly amplify the …

repression in domestic interest rates→to avoid an avalanche of foreign capital inflows that would threaten inflation and asset …

costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …

This paper studies exchange rate pass-through to food and energy consumer price inflation and its dependence on the … inflation environment using cross-country panel estimation of Phillips curves. It considers a large panel of OECD member and … inflation and also significant for food CPI inflation. A 10% depreciation in the exchange rate leads to an increase in energy …