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 … methodology for decomposing the short-run evolution of the year-on-year inflation between the effects of lagged variables and the … contemporary effects of the determinants. As a result, we show that the influence of the inflation persistence explains a big part …