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 …

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. …

This paper presents an analysis of the expected inflation distribution based on the surveys made to economic analysts …, dispersion, and skewness, of expected inflation. It is anticipated that the behavior of these aspects will be consistent with the … process of inflation convergence to its target, in the sense that the expected inflation level and dispersion, and the …

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

relationship between credit for consumption and inflation. To give an answer to this question, we have performed an econometric …

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 …

The hierarchical structure of the Colombian Consumer Price Index (CPI) makes possible to calculate inflation as a … inflation using a lineal combination of the forecasts of these components, i.e. a "bottom to top" approach. In this paper, we … compared with an aggregate forecast using a SARIMA model. Our results show that a "bottom to top" method to forecast inflation …

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 …