How much does quality adjustment matter in measuring consumer price inflation? To address this question, we use … inflation only by 0.06 percentage points, which is balanced out by an increase due to quantity adjustment (e.g. a smaller … deriving the distribution of member states' cumulative inflation rates for typical quality-adjusted products. Our macro …

monetary targeted variable to have an impact on inflation. We apply a rather general framework to the Romanian experience with … MT in the period 1999-2005. We find that during this period Romania's MT regime can be characterised by a concern for … significantly. - Monetary targeting ; optimal monetary policy ; Romania …

affect medium-term inflation, the primary objective of monetary policy. Using panel local projections for 48 advanced and … inflation in the near term, especially in EMEs. But over the medium term, the impact across the various price indices tends to …

. The risk of future regime shifts has encompassing effects on equilibrium. Inflation is systematically higher than it would … stability. This inflation bias is increasing in the real value of government debt. Regime-switching probabilities are not … interest rate sufficiently moderately when inflation increases. Lower fiscal dominance risk, in turn, mitigates the inflation …

synchronized within rather than across stores. Time variations in inflation can be attributed mainly to variations in the frequency …

This paper studies the role of global factors in causing common movements in consumer price inflation, with particular … collected from national and international sources. Global factors explain a large share of the variance of national inflation …

In most OECD countries, we cannot reject up to three breaks in the mean of inflation: one break in the late 1960's … phenomena. We also show that ignoring breaks in the mean of inflation clearly lead to overrate inflation persistence in standard … bi-variate models of inflation. The response of inflation to shocks in these models is markedly faster with breaks than …