increasing sensitivity relies solely on a sustained surge in the degree of comovement for headline inflation, it is also based on … a higher region-wide effect of the shocks for the case of energy inflation. Instead, purely exogenous exchange rate … shocks do not seem to have a signifi cant effect on the core component of headline inflation, which also displays a lower …

exchange rate movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across … models showing that each shock which causes the exchange rate to move has a different price response, meaning that the … counteract deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the …

resolver este problema ; In this paper we look at global inflation trends over the last decade and try to disentangle factors … that could explain the ultra-low levels of inflation during the recovery from the Great Recession. We review the literature … inflation’s reduced cyclical sensitivity to domestic economic slack, a bigger role being played by forward-looking inflation …

a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …’s strategy in its struggle against low inflation, focusing in particular on the reasons that led it to adopt the interest rate …

a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …

medio-largo plazo ; We empirically explore the influence of inflation on fiscal variables in the short, medium and long run … influence of inflation on changes in public debt ; (ii) accounting decompositions of nominal revenue and expenditure items into …

household debt restructuring and defaults ; in the United Kingdom inflation has dominated, eroding the value of debt ; and in …

models used by the Banco de España to monitor consumer price inflation and forecast its future trends. The strategy followed … models that allow for a slowly evolving local mean when forecasting inflation …

-heterogeneity on the response of aggregate inflation to exogenous shocks. We build up an otherwise standard DSGE model in which the … market we reproduce the main features of the distribution of firms in Spain. We then compare the inflation response to … predominate tend to deliver more muted inflation responses to exogenous shocks …