Inflation forecasting plays a central role in monetary policy formulation. At the same time, recent international … empirical evidence suggests that with the decline in inflation of recent years, the joint dynamics of this variable and its … potential predictors has changed and inflation has become more unpredictable. Using a univariate model as a benchmark, we …

We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic …'s hyperinflation and three high-inflation countries. Towards the peak of Weimar's hyperinflation the costs are estimated to have been … equal to nearly 20 per cent of income. For Israel, Mexico, and Argentina the costs had been materially lower, but still in …

the study is to examine the causality between exchange rate, trade, inflation, FDI and GDP through a series of models. On … rate and inflation, but there exists long-run equilibrium relationship between exchange rate and trade. There is also long …

argue that inflation targeting with floating rates is better suited than hard pegs to manage the price level catching …-up process. We suggest a modification in the Maastricht inflation criterion which as currently defined has lost its economic …

This paper shows that inflation in industrialized countries is largely a global phenomenon. First, inflations of (22 … associated to Global Inflation is not only due to the trend components of inflation (up from 1960 to 1980 and down thereafter …) but also to fluctuations at business cycle frequencies. Second, Global Inflation is, consistently with standard models of …

and food price shocks on a given set of countries. Secondly, we assess the importance of inflation linkages among … exist among regions. In addition, a considerable part of the observed headline inflation rises is attributable to foreign …

We study the impact of the COVID-19 pandemic on euro area inflation and how it compares to the experiences of other …-output linkages, affecting both trade and inflation; (2) inflation can be higher under sector-specific labor shortages relative to a … domestic aggregate demand shocks in explaining euro area inflation over 2020-21; and (4) international trade did not respond to …

In this paper, we present evidence on the statistical features of observed dispersion in HICP inflation rates in the … Euro area. Our descriptive exercise shows that there is still a remarkable dispersion of HICP inflation rates across the … main source of dispersion in countries' headline inflation rates is in those components of the HICP where non-traded goods …

determine whether the underlying causes of inflation have changed following significant structural, political and institutional … changes. From a macroeconomic perspective, the empirical results show that the long-run causes of inflation in South Africa … have changed from a demand-pull inflation over the period 1973-1983, to a cost-push cause (import prices and wage rate …