The paper develops robust measures of core inflation for Vietnam that can be used in policy making. These core … inflation measures (CIMs) are based on an analytical evaluation of the inflation process in Vietnam, and use a filtering … better. Among TMMs, 'one trim does not fit all periods'; periods of high and variable inflation require larger trims, and …

stability under adaptive learning for interest rate rules that respond to inflation measures differing in their degree of price … stickiness. We find that rules responding to headline inflation measures that assign a positive weight to the inflation of the … the inflation of the sector with high price stickiness. By this we mean that they are more prone to induce non …

disturbances to the money market, the variance of output is shown to be an increasing function of the trend inflation rate. When … they result from disturbances to the goods market, the variance of output is a decreasing function of the trend inflation … rate. When both disturbances are significant, there exists, in general, a critical non-zero trend inflation rate that …

proportionally to inflation. We show that conditions under which these rules generate aggregate instability by inducing liquidity … that respond to expected future inflation are more prone to induce endogenous cyclical and chaotic dynamics the more open …

This paper explains inflation performance in a sample of industrial and transition economies by looking at policymakers … inflation, particularly (but not exclusively) in countries where the government securities market is not well developed. Other … factors with significant effect on inflation include relative price changes, central bank independence, the exchange rate …

According to theory, inflation persistence should have less variance across countries under pegged than floating … allowing for the upward bias to persistence estimates created by shifts in mean inflation, the paper finds persistence has a … accommodative of inflation under floating rates, most probably because of the shifts in monetary policy rather than those in …

Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We … prime causes of the differential inflation. In addition, disinflation attempts and the exchange rate regime appear to have … exerted significant influence on the relative inflation rate …