-based inflation indicator via the help of the Laspeyres price index in the case of Azerbaijan to evaluate the post-booming period …Inflation is one of the most important economic indicators for a country. Understanding inflation based on the consumer … prices, oil revenue, and real effective exchange rate (REER) demonstrate initial signals about the urban and rural inflation …

not statistically significant. Finally, estimated models are pooled to forecast inflation. Some of the forecast …Inflation forecasting plays a central role in monetary policy formulation. At the same time, recent international … empirical evidence suggests that with the decline in inflation of recent years, the joint dynamics of this variable and its …

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 … wide range of forecast horizons and allow for estimated as well as theoretically specified cointegrating relationships in …

unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and … an upward sloping curve for high inflation rates. The reason is that low inflation rates make saving, as opposed to …, when inflation exceeds a certain threshold, money is too costly to hold, which results in a decrease in output and an …

This paper studies the issue of whether money contains useful information about future inflation in a panel of nine … developed countries. A low frequency estimate of excess money growth is compared to an estimate of the inflation trend following … the discussion in Woodford (2007). The empirical analysis shows that money contains more information about future CPI-inflation …

inflation. However, its definition and estimation raise a number of theoretical and empirical questions. This paper evaluates a … predicting inflation. We find that models including the output gap have better predictive power than models based on alternative … indicators, and they forecast significantly better than simple benchmark models. At the longer forecast horizons, multivariate …

In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European … well supported in the new EU member states. We also find that the inflation process is dominated by domestic variables in …

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 …