Using frequency domain techniques to separate short and long run dynamics and decomposing inflation into its common and … idiosyncratic components, we study the regime dependence of the inflation-RPV relation in Argentina and the USA. Under High … inflation, strong long-run comovement between RPV and Inflation is found for both economies, that extends to the short run …

We analyze empirical links between the perceived tail-risk of inflation, the policy rate, longer-term interest rates … economic outlook rather than with the response to an exogenous shock; (iv) the few notable instances of the latter response are … always in reaction to Fed announcements; and, (v) our impulse responses demonstrate that odds of extreme inflation outcomes …

inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an … inflation target are tempted to act time-inconsistently and switch from the announced inflation target to an exchange rate … target in order to sustain higher output via surprise inflation. If market participants discover the time-inconsistency, they …

find that a contractionary US monetary policy shock leads to a persistent fall in international output, a drop in global … inflation rates, a rise in international interest rates and a strengthening of the US dollar in real terms. There is … negative shock to foreign real GDP growth. …

preferred model, almost 30 percent of the maximum effect of a shock still remains after ten years. …

preferred model, almost 30 percent of the maximum effect of a shock still remains after ten years. …

adamant about preventing a rise in inflation? The large fiscal imbalance brings about inflationary pressures, triggering a … spiral of higher inflation, output contraction, and further debt accumulation. A coordinated commitment to inflate away the …

-causes inflation in the euro area. Based on data from 1970 to 2006 and forecasting horizons of up to 12 quarters, there is surprisingly … power of money growth for inflation is substantially lower in more recent sample periods compared to the 1970s and 1980s …. This cautions against using money-based inflation models anchored in very long samples for policy advice. …