This paper re-examines the findings of Alogoskoufis and Smith (1991), who argue that sharp increases in inflation … United States, Canada and Sweden, we suggest that these authors' emphasis on a post-1967 shift in inflation persistence is … misplaced and that there are other equally good candidates to account for changes in inflation persistence such as wars, oil …

This paper re-examines the findings of Alogoskoufis and Smith (1991), who argue that sharp increases in inflation … United States, Canada and Sweden, we suggest that these authors' emphasis on a post-1967 shift in inflation persistence is … misplaced and that there are other equally good candidates to account for changes in inflation persistence such as wars, oil …

This paper examines the persistence of inflation in inflation and non-inflation targeting countries. It is shown … empirically that inflation persistence has fallen in inflation targeting countries relative to some non-inflation targeting … countries. However, it is not possible to determine at present whether the institutional design of inflation targets and the …

Inflation is a monetary policy outcome, but in the short to medium term, price and wage decisions are co-determined by …, deliberately simplified messages, most of the public tends to access inflation-related information through the media. In this paper …, we examine South African newspaper articles to identify how inflation is presented in the media and the role of the media …

There is no consensus over the importance of "global forces" on inflation. This study explores the role of structural … breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which "global … forces" are relevant. Three conclusions stand out. Global inflation impacts inflation in both AE and EME, but the impact is …

There is no consensus over the importance of “global forces” on inflation. This study explores the role of structural … breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which ‘global … forces' are relevant. Three conclusions stand out. Global inflation impacts inflation in both AE and EME, but the impact is …

In this paper we investigate dynamics of global inflation and short-run inflation expectations. We estimate a global … inflationary pressure that could drive up inflation expectations: domestic aggregate demand and supply shocks as well as a global … increase in oil price inflation. Our results indicate that inflation expectations tend to increase as inflation accelerates …

since the early 1990s for a group of 9 economies, 5 of which explicitly target inflation, and ask: To what extent are … disagreements over forecasts of inflation driven by movements in relative prices? The empirical evidence leads to the following … conclusions. First, there is little doubt that IT has contributed to narrowing the forecast differences vis-a-vis U.S. inflation …

The time profile of inflation in China resembles the one experienced in major industrial countries. Given the … considered by Bordo, Landon-Lane and Redish (2004). Our principal finding is that inflation in China has been primarily driven by … monetary factors. While aggregate supply factors may have pushed inflation to cross the threshold leading to deflation …

their role in influencing the credibility of the monetary authority. We focus on measures of inflation expectations, the … mean reversion properties of inflation, and indicators of exchange rate risk. In addition we place some emphasis on whether …