Inflation in Mongolia resembles a roller coaster ride with sharp rises and steep drops. Understanding why is critical … for formulating and assessing monetary policy. Food prices are found to be a key driver of inflation, and, not surprising … underlying inflation by 1 percentage point. So, while inflation will remain volatile due to agricultural shocks, there is space …

Despite closing output gaps and tightening labor markets, inflation has remained low inthe euro area. Based on an … augmented Phillips Curve framework, we find that thisphenomenon-sometimes attributed to low global inflation-has been primarily … causedby a remarkable persistence of inflation, keeping it low despite the reduction in slack. Thisfeature is shown to be …

expectations to provide a comparison of inflation persistence in Brazil with a sample of inflation targeting (IT) countries. This … approach suggests that inflation persistence increased in Brazil through early 2013, in contrast to many of its IT peers …Inflation persistence is sometimes defined as the tendency for price shocks to push the inflation rate away from its …

While Brazil's deep recession has been broad based, it has been marked by a particularlylarge fall in investment. Real … factors contributed tothe investment decline, including a deterioration in Brazil's medium-term growthprospects, rising real …

India over the period 1996-2011 using quarterly data, with a view to analytically informing the conduct of monetary policy …-looking specifications, especially when targeting core components of GDP and inflation, and combine the best parts of efficiency and …