been based on discretionary targeting of broad money without any clear target to anchor inflation expectations. This paper … are required to strengthen the ability of the CBY in achieving low and stable rates of inflation over the medium term. …

tend to raise the general price level. In contrast to the accepted view, other prices do not seem to decline to offset the …

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 …

This paper uses a two-sector model to estimate the relationship between prices, money, and the exchange rate in … monetary aggregates, domestic prices, real income, and foreign interest rates. In addition, the error-correction model shows … inflation. The results also suggest that a disequilibrium in the money market has a lasting impact on inflation. The paper …

-through to prices, and interest rate policy following, rather than leading, financial market developments. Our estimated monetary … inflation. We discuss dollarization, administrative interventions, and other features complicating monetary policy transmission …

factors argued to explain the differences in the trends in core inflation and relative prices in the United Kingdom, the Euro …

We study the cyclical properties of sales, regular price changes and average prices paid by consumers ("effective …" prices) in a dataset containing prices and quantities sold for numerous retailers across a variety of U.S. metropolitan areas …. Both the frequency and size of sales fall when local unemployment rates rise and yet the inflation rate for effective …

Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation …: inflation uncertainty and relative price variability. In line with theory and most evidence for advanced and emerging market … economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the …