inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …, thereby reducing the direct effect of interest rate changes on inflation. Since EPU shocks reflect, at least to some extent …

food market. Both are then included in structural VAR models to examine their effects on domestic food price inflation for … analysis is carried out to assess the effects on core inflation. The results suggest that both global food price mean and … volatility shocks have sizeable effects on food price inflation in all countries and persistent second-round effects on core …

This paper investigates the inflation effects of oil price expectations shocks constructed as functional shocks, i … out to investigate second-round effects on inflation through the inflation expectations channel. These are found to be … shock decomposition exercise show that inflation and inflation expectations are primarily driven by changes in the curvature …