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 …

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 …

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

. inflation anchoring properties. This layout is then confronted with the policy framework in use in the euro area prior to the … dis-anchoring of long-term inflation expectations experienced in the euro area since 2013, however, suggests that the … policy framework could benefit from a rebalancing towards a formulation with stronger anchoring properties. The inflation aim …

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 …

, effective revenue ceilings induce an increase in deficit, debt and inflation. Under many scenarios, including recurrent adverse …

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

“unconventional” monetary policies within an inflation targeting framework. In particular, the paper explicitly models the facilities …

crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as …