prices. The results evidence how Great Recession and COVID-19 pandemic are associated with higher inflation responsiveness …. Notwithstanding, the response of energy inflation gradually declines and, as a consequence, the medium-term pass-through from …

policymaking. On the other hand, traditional core inflation measures may reduce volatility but do not address other issues and may … even exclude important information. This paper develops a new underlying inflation gauge (UIG) for China which … differentiates between trend and noise, is available daily and uses a broad set of variables that potentially influence inflation …

MAKPAM model and exogenous determinants, such as output gap, world commodity prices, and foreign effective inflation. The …The purpose of the paper is to introduce the framework for decomposing the forecast of headline inflation, obtained by … core inflation. The model for inflation decomposition is a small structural model, set up in state space framework. Kalman …

power for inflation or, put differently, whether money growth Granger causes inflation. We use a historical dataset … - consisting of annual Swedish data on money growth and inflation ranging from 1620 to 2021 - and employ state-of-the-art Bayesian … likelihoods - provides strong evidence in favour of money growth Granger causing inflation. This strong evidence is, however, not …

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 …

We assess the bivariate relation between money growth and inflation in the euro area and the United States using hybrid … statistically unstable across time in both regions. The effect that shocks to money growth has on inflation weakened notably after … monetary aggregates to inflation. …

inflation, especially in the short term. However, in order to strengthen the economy's resilience to oil-price shocks, the paper …-output Analysis ; Inflation ; Industrial Structure ; China ; the United States …