ABOUT INFLATION? -- V. SUMMARY AND CONCLUSIONS -- References. …

macroeconomic conditions, such as GDP growth, unemployment, and inflation, the analysis also indicates that there are strong …

When inflation originates from distributional conflicts, shifts in inflation expectations, or energy price shocks …, monetary policy (MP) is a costly stabilization instrument. We show that a tax on inflation policy (TIP), which would require … decisions, tackle excessive inflation and reduce output volatility, without exacerbating price distortions. While proposals from …

This paper analyzes the inflation forecast errors over the period 2021Q1-2022Q3 using forecasts of core and headline … inflation from the International Monetary Fund World Economic Outlook for a large group of advanced and emerging market … information. Focusing on core inflation forecast errors in 2021, four factors provide a potential ex post explanation: a stronger …

The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper … constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass …, and more closely related to headline inflation over the next year. The weighted median also has a drawback: in most …

In 2021-22, inflation in Europe soared to multidecade highs, consistently exceeding policymakers' forecasts and … surprising with its wide cross-country dispersion. This paper analyzes the key drivers of the inflation surge in Europe and its …'s economies. Inflation is more sensitive to domestic slack and external price pressures in emerging European economies compared to …

the gain is approximately proportional to the square of the original inflation distortion. Third, successful stabilization …