Inflation -- B. VAR Models -- C. Variable Coefficient Models -- D. Using Subcomponents of CPI -- IV. CONCLUSIONS -- References. …

increases in domestic inflation. We show that one way to understand these episodes is as manifestations of balance of payments …

The global financial crisis has exposed the limitations of a conventional inflation targeting (IT) framework in … inflation. Accordingly, we investigate possible refinements to the IT framework by incorporating financial stability …

This paper uses a pairwise approach to investigate the main factors that have been driving inflation differentials in … the Gulf Cooperation Council (GCC) region for the past two decades. The results suggest that inflation differentials in …

Exchange rate-based inflation stabilization (ERBS) policies are associated with a boom-recession cycle in economic … forward-looking pricing behavior without inflation stickiness and attribute the slow decline in inflation to the consumption …-looking components of inflation weigh approximately equally in pricing behavior, and therefore, that inflation is partially sticky. The …

In this paper three possible reasons are examined for a sluggish inflation response to a hard currency peg. Models of … credibility and the speed of private sector learning, which are shown to have a major impact on the speed of inflation adjustment …. But even if individual agents believe the government will not devalue, it is shown that inflation inertia can still arise …

The ECB's objective of medium-term inflation below 2 percent has been portrayed by critics as ambiguous, asymmetric … that: (1) in terms of guiding inflation expectations and policymaking, the current definition has functioned much as would … an inflation target centered on 1 1/2-1 3/4 percent; (2) the absence of a specific (point) target for medium …

This paper explores inflation determinants within the EU and implications for new members' euro adoption plans. Factor … analysis partitions observed inflation in EU25 countries into common-origin and country-specific (idiosyncratic) components …. Cross-country differences in common-origin inflation within the EU are found to depend on gaps in the initial price level …

Globalization operates not only by reducing domestic pressures on inflation but also by reducing the scope of domestic … authorities to influence the pace of inflation. First, as markets are integrated, the common, cross-border sources of inflation … increase, reducing the extent of domestically-generated inflation. Based on a methodology identifying common time and sectoral …