derived. The reason is that inflation, output and the interest rate are convex functions of each member's idiosyncratic degree … of model uncertainty. If the degree of model uncertainty becomes more heterogenous, inflation volatility falls due to …

In this paper we reconsider the degree of international comovement of inflation rates. We use a dynamic hierarchical … factor model that is able to decompose Consumer Price Index (CPI) inflation in a panel of countries into (i) a factor common … to all inflation series and all countries, (ii) a factor specific to a given sub-section of the CPI, (iii) a country …

In this paper we reconsider the degree of international comovement of inflation rates. We use a dynamic hierarchical … factor model that is able to decompose Consumer Price Index (CPI) inflation in a panel of countries into (i) a factor common … to all inflation series and all countries, (ii) a factor specific to a given sub-section of the CPI, (iii) a country …

derived. The reason is that inflation, output and the interest rate are convex functions of each member's idiosyncratic degree … of model uncertainty. If the degree of model uncertainty becomes more heterogenous, inflation volatility falls due to …

Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. While it … is possible for the average inflation rate to be close to target, deviations of inflation could nevertheless be large and … protracted. We therefore explore how successful this framework has been by looking at the persistence of inflation, as measured …

remittances. These results have important implications for the design of inflation targeting in developing countries. …

deciding about interest rate policy, members individually formulate regular inflation forecasts. This paper uncovers systematic … differences in individual inflation forecasts submitted by voting and non-voting members. Based on a data set with individual … forecasts recently made available it is shown that non-voters systematically overpredict inflation relative to the consensus …

deciding about interest rate policy, members individually formulate regular inflation forecasts. This paper uncovers systematic … differences in individual inflation forecasts submitted by voting and non-voting members. Based on a data set with individual … forecasts recently made available it is shown that non-voters systematically overpredict inflation relative to the consensus …