-cost margins on drinks create allocative distortions, which act to lower the optimal rate compared with a perfectly competitive …

This paper studies the joint business cycle dynamics of inflation, money growth, nominal and real interest rates and the …

promotions on inflation measurement. Although changes in product-level expenditure shares were unusually high during lockdown, we … inflation, and lower use of promotions by low-income consumers explains why they experienced moderately lower inflation. Overall …, changes in shopping behaviours played only a minor role in driving higher inflation during lockdown; higher prices were the …

We analyze the determinants of the inflation trends in ten Southeast European (SEE) countries. Global cost …-related factors and euro area (EA) inflation developments play an important role in explaining inflation dynamics in SEE countries … exchange to euro area market appear to be susceptible to inflation spillovers from the euro area. Moreover, nominal effective …

This paper explores the effect of inflation supply and demand shocks on government debt. It identifies the shocks using …

responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …

Inflation targeting has been adopted in a set of emerging economies, including eight countries in Latin America. The … take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter …