This document presents an overview of econometric tools recently developed for empirical ex post policy evaluation. The emphasis is laid on selection problems (how to disentangle the real effect of a policy from the personal features of the affected people), and on the practical issues of a...

While the relationship between inflation and relative price variability (RPV) has been widely investigated in developed and emerging market economies because of its direct relevance to monetary policy implementation, research has neglected this linkage in most developing countries especially in...