This paper develops a set of leading indicators of industrial production growth and consumer price inflation for the … inflation. Our findings provide evidence on the factors determining real activity and inflation in a period of disinflation and …

This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …

Since the 2001 recession, average core inflation has been below the Federal Reserve's 2% target. This deflationary bias … corrects the bias and brings inflation back on target. Adopting this asymmetric rule improves welfare and reduces the risk of …

of this paper is on Brazil, which began inflation targeting in 1999, we also examine the experience of other countries …The purpose of this paper is to examine inflation targeting (IT) in emerging countries by concentrating essentially on … the case of Brazil. The IT monetary policy regime has been adopted by a significant number of countries. While the focus …

The role of the exchange rate under inflation targeting (IT) remains an unresolved issue in literature and policy … whether there is a relation between the nominal exchange rate regime and inflation performance in IT countries. We use a panel … regime that differs from a pure float entails higher or lower inflation. We use two de facto foreign exchange regime …

explaining the deviations of household inflation and unemployment expectations from the rational expectations benchmark … demographic groups have sharply different predictions for macroeconomic aggregates like the inflation rate …

programming problem implies that the monetary authority’s inflation target evolves as its estimated Phillips curve moves. The … authors’ estimates attribute the rise and fall of post-World War II inflation in the United States to an intricate interaction … and made it misperceive the tradeoff between inflation and unemployment. That misperception caused a sharp rise in …

theoretical and empirical research. Turkey, given its economic and demographic dynamics, provides rich evidence for a growing …, heterogeneous and multifaceted informal labor market. However, the existing evidence on labor informality in Turkey is mixed and …

This paper argues that the pass-through in Brazil has fallen compared with estimates in other studies on earlier time … periods, and remains low. Whereas pass-through effects where high and close to 1 in the high-inflation period, they seem to … Industrialization (ISI) period of the 1950s and 1960s. Conventional results suggests that low and stable inflation environments lead to …