, Australia and New Zealand) and others that have only targeted inflation at times (the US, Japan, the Euro Area and Switzerland … official policy rates and those implied by three types of Taylor rules in both inflation targeting countries (the UK, Canada …

January 1993 to December 2020 for five inflation-targeting countries (the UK, Canada, Australia, New Zealand and Sweden) and … speed is twice as fast when deviations are small and the credibility of the central bank is higher. Third, inflation …

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 …

American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …

either the inflation or the output gap varies in terms of magnitude and/or statistical significance across the high and low … inflation regimes in all countries. In particular, the exchange rate has an impact in the former but not in the latter regime …

the US, the Eurozone, Australia, Canada, Japan and the UK using fractional integration and cointegration techniques … estimated to be above 1, ranging from 1.26 (US) to 1.48 (UK), with the single exception of Japan, for which the unit root null …