This paper analyzes the time-varying degree of inflation expectations anchoring in Bolivia and, more precisely, whether … inflation expectations have been in line with the inflation objectives announced by the Central Bank of Bolivia (BCB, for its … and medium-term inflation expectations. Second, monetary policy in Bolivia is under a monetary-targeting regime, so BCB …

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 …

of past experience and international best practices. It confirms that food inflation has been the driver of domestic … inflation. The paper studies the recommendations of the Urjit Patel Committee and comments that monetary policies predominantly … focussed on inflation targeting may not necessarily be effective in India where inflation and inflationary expectations …

This paper conducts a structural analysis of inflation persistence in the United Kingdom between 1965-2009. I allow for … and stochastic shock volatility. The first policy regime responds passively to movements in inflation, adjusting the … other regime responds actively to inflation and places less weight on exchange rate movements. This regime is present for …

inflation-output tradeoffs in foreign recipient economies through the exchange rate and term premium channels. We also show that …

quantities such as government bond yields and inflation swaps to euro area monetary policy shocks change with the US policy …

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

In this paper, we investigate the effects of monetary policy concerning the inflation rates specific for each income … the different inflation rates specific for each of the income groups. By using a Factor-Augmented VAR (FAVAR) model, we …

movements with little inflation response; yet, at some point, something snaps, and a sudden inflation takes off that is strongly …

In this article, we propose a cointegration-based Permanent-Transitory decomposition for nonstationary Dynamic Factor … Models. Our methodology exploits the cointegration relations among the observable variables and assumes they are driven by a …-term stationary one. A Monte Carlo experiment shows that taking into account the cointegration structure in the DFM leads to a much …