-linear features. In order to do so, we develop a Markov switching model and apply it to a sample of low and high inflation countries …. The empirical analysis shows that for the high inflation countries the relationship between news in the fundamentals and … the exchange rate changes is stable and significant. This is not the case, however, for the low inflation countries, where …

May 2000 - The poor suffer more from inflation than the rich do, reveals this survey of poor people in 38 countries … the poor are more likely than the rich to mention inflation as a top national concern. This result survives several … with inflation in pooled cross-country samples. High inflation tends to lower the share of the bottom quintile and the real …