This paper investigates the determination of inflation in the framework of an open economy forward-looking as well as …, China Mainland and India. Using Quarterly data and applying the instrumental variables estimation technique, it is found … that the output gap is significant in explaining the inflation rate in almost all the countries. Furthermore, at least one …

This paper presents an empirical analysis of the inflation process in Estonia, Latvia and Lithuania within the … measure in determining inflation dynamics in the three Baltic countries. It has been found that the inflation process in these … countries primarily depends on inflation expectations and past inflation rates. Price setting flexibility, as measured by the …

Inflation as a phenomenon has witnessed remarkable changes starting from mid-eighties of the last century. Inflation … pull inflation as one of the major determinants of inflation has decreased due to efficient monetary policies that have … been adopted by central banks all over the world to reduce inflation based on anchoring inflation expectations. Moreover …

Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been … remarkably stable. We find that a traditional Phillips curve describes the behavior of inflation reasonably well since the 1960s … observed stability of inflation: inflation expectations have become better anchored and to a lower level; the slope of the …