Among the harmful effects of inflation, the negative consequences of inflation volatility are of particular concern … inflation volatility. Major results are robust for unconditional and conditional inflation volatility, the latter derived from …

We apply both classical and Bayesian econometric methods to characterize the dynamic behavior of inflation for twelve … 1990s. Allowing for a break in intercept, the inflation measures generally exhibit relatively low inflation persistence …. Evidently, high inflation persistence is not an inherent characteristic of industrial economies. …

pass-through to inflation in the case of Slovakia. Subsequently, empirical estimates of the pass-through elasticity for … in Slovakia to exchange rate developments is relatively high, a close analysis of inflation data concludes that the …. It could thus be spread over a longer time period and as a result, continue to favourably affect inflation even after …