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 considers the potential inflation effects of a global carbon price on consumer prices, investment prices … the inflation effects in developed countries of a 100 USD/ton carbon price are small. For developing countries, the … inflation effect is larger and potentially too large for it to be politically feasible to introduce a global carbon price …

This study analyses India's inflation using the Phillips curve theory. To estimate an open-economy Phillips curve, we … need three variables: (1) inflation (2) the output gap and (3) the real effective exchange rate. In India, the incorrect … composite consumer price index (CCPI) was the best measure of inflation, and should be used to construct the real effective …

We review the main New Keynesian inflation equations that have arisen as a result of aggregation from individual firms …' price rigidities. We find that, on the whole, they cannot account for inflation persistence, a key feature of the empirical … dynamics of inflation, and with important policy implications. The only exception seems to be when price stickiness is combined …

Sticky-price models with rational expectations fail to capture the inertia in US inflation Models with backward …-looking expectations capture current inflation behavior but are unlikely to fit other monetary regimes This paper seeks to overcome these … problems with a near-rational model of expectations In the model agents make univariate forecasts of inflation: they use …

inflation. Taking as given the paths of nominal labor compensation and labor productivity to approximate the evolution of …