have decreased substantially from 2001 onwards, which coincides with the adoption of an inflation targeting regime by Banco …

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 …

allows determining if inflation dynamics are likely explained by microeconomic foundations. Additionally, this approach … enables the analysis of price rigidities in the economy. The results suggest that: (1) unit labor costs explain inflation …

We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates … determinants considering its long-run coefficients. Our results indicate that monetary policy has been congruent with the inflation …

seigniorage maximizing inflation rate, and (3) analysis of the potential relationship between a measure of excess money and … inflation. Results indicate that the low inflation equilibrium is stable, and that the excess money indicator shows, in …

household debt restructuring and defaults ; in the United Kingdom inflation has dominated, eroding the value of debt ; and in …