Various inflation forecasting models are compared using a simulated out-of-sample forecasting framework. We focus on … the question of whether monetary aggregates are useful for forecasting inflation, but unlike previous work we examine a …

. A model shows that the cost-push effect of inflation, long known as Gibson's paradox, intensifies destabilizing forces … interest rates with inflation or the log of the price level is present in data from the 1950s to present. …

-push inflation.In the mode,spending is driven in part by changes in the rate of interest, and the central bank sets the interest rate … using a policy rule based on the levels of output and inflation. The model shows that the cost-push effect of inflation …

/depreciations and inflation by estimating nonlinear time series models. Motivated by theoretical and empirical results in the literature …-through regimes depending upon the magnitude of appreciations of a currency and inflation rates both in the short-run and in the long …

The extent to which the stock market provides a hedge to investors against inflation is examined for African stock …

Reserve does not target inflation or react to inflation signals." Rather, the Fed reacts to the very real" signal sent by … the Federal Reserve largely ceased reacting to inflation or high unemployment, but continued to react when unemployment … for the effects of inflation and unemployment. …

inflation in most of the EU member states. At the same time, wages-in part, wages of the unskilled-are relatively losing ground … extent recent inflation trends are attributable to the constraints imposed by the monetary union-namely negative demand … impact of seasonal effects on inflation, in the context of the Greek socalled traditional petit-bourgeois capitalism. Fourth …

sticky-price version of the New Keynesian Phillips Curve does a good job of approximating US inflation dynamics. However … to the entire underlying model of the NKPC. Thus I conclude that the NKPC fails to give a sound explanation of inflation …

This paper examines the global drivers of inflation in 55 countries over the 1970-2022 period. We estimate a Factor … domestic shocks. We report three main results. First, global shocks have explained about 26 percent of inflation variation in a … typical economy. Oil price shocks accounted for only about 4 percent of inflation variation, but they had a statistically …