Today that Banco de México has adopted an inflation targeting scheme, it has become more relevant to know the effect … that moderate inflation has on economic growth in order to design monetary policy. The purpose of this paper is to estimate … rates of inflation as long as they are lower than 8.1%; inflation rates above that threshold damage severely the pace of …

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 …

inflation of the previous year. This article explores the impact of this decision on the effectiveness of monetary policy, and … shows that the obligation to adjust the salary to past inflation leads monetary policy to have more effect on real activity … and generates more persistent inflation. …

In this paper we analyze the incidence of the distribution of price changes on the inflation rate of Spanish regions … homogeneous with respect to the "structure" of inflation. The significance of variability and skewness also shows the … vulnerability of inflation to relative price shocks. …