Inflation forecasting plays a central role in monetary policy formulation. At the same time, recent international … empirical evidence suggests that with the decline in inflation of recent years, the joint dynamics of this variable and its … potential predictors has changed and inflation has become more unpredictable. Using a univariate model as a benchmark, we …

This paper makes a comparative study of the inflation dynamics of Argentina, Brazil, Chile, Colombia, Mexico and … cointegration analysis, and two long-run relationships are found in all the analyzed countries. One relationship is related to the … methodology for decomposing the short-run evolution of the year-on-year inflation between the effects of lagged variables and the …

Inflation forecasting plays a central role in monetary policy formulation. At the same time, recent international … empirical evidence suggests that with the decline in inflation of recent years, the joint dynamics of this variable and its … potential predictors has changed and inflation has become more unpredictable. Using a univariate model as a benchmark, we …

This paper makes a comparative study of the inflation dynamics of Argentina, Brazil, Chile, Colombia, Mexico and … cointegration analysis, and two long-run relationships are found in all the analyzed countries. One relationship is related to the … methodology for decomposing the short-run evolution of the year-on-year inflation between the effects of lagged variables and the …

aggregate supply on the behavior of the Peruvian inflation during the period 1997:1-2009:2. We use the methodology based on … obtain the historical decomposition of the annual inflation. Unlike Salas (2009), this paper uses a simpler model of … aggregate demand and aggregate supply, and a larger sample. The results show that the behavior of inflation was largely …