has been de-emphasized, developments in the monetary aggregates remain an important indicator of future inflation. The … exchange rate and import prices are also relevant, particularly for inflation in the manufacturing sector …

This paper analyses the dynamics of inflation in Kenya during 1974–96, a period characterized by external shocks and … exchange rate, foreign prices, and terms of trade have long-run effects on inflation, while the money supply and interest rate … only have short-run effects. The dynamics of inflation are also found to be influenced by food supply constraints. Moreover …

In recent years, the decline in inflation in Angola has stalled and further steps may be needed to attain the … digit inflation rate. A Vector Error Correction (VEC) model, which analyzes the factors that affect the inflationary process … in Angola, suggests that the inflation path has been largely affected by exchange rate movements. This implies that …

Yemen has had a high and volatile rate of inflation in recent years. This paper studies the underlying determinants of … inflation dynamics in Yemen using three different approaches: (i) a single equation model, (ii) a Structural Vector … Autoregression Model, and (iii) a Vector Error Correction Model. The outcomes suggest that inflation dynamics in Yemen are driven by …

This paper analyses how globalization has affected inflation in the New EU Members States (NMS), and Poland in … advanced economies. However, future inflation-dampening effects in the NMS are likely to be smaller as the pace of increases in …

Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on … the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by … best prospect for moving to low inflation …

This paper examines whether the clarity of central bank communication about inflation has changed with the economic … environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by … explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis …

Inflation-targeting central banks have a respectable track record at explaining their policy actions and corresponding … inflation outturns. Using a simple forward-looking policy rule and an assessment of inflation reports, we provide a new … methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools-inflation …