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 …

This paper examines the demographic determinants of inflation expectations in South Africa. Five surveys covering the … ahead inflation expectations. In doing so we uncover clear behavioural biases in how respondents view the inflation outlook …. For example, education and income tend to be inversely related to inflation expectations. This is consistent with the …

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 Bank of Canada must take account of the international environment, where inflation targeting has become widespread … decade and the consequences of the worldwide spread of inflation-control regimes for Canada’s targeting program, which …

Changes in interest rates, inflation, and exchange rates are the main components of macroeconomic risks (financial … form of flexible inflation targeting (FIT). It is characterized by an explicit concern over exchange rates. The empirical …