It has been widely documented that the exchange rate pass-through to domestic inflation has decreased significantly in … macroeconomic explanation linked to the inflationary environment - that a low and more stable inflation rate leads to a decrease in … decline in the pass-through in Peru, a small open economy that gradually reduced inflation to international levels in order to …

In this paper, we formulate a statistical model of inflation that combines data on survey expectations and the … inflation target set by central banks.. Our model produces inflation forecasts that are aligned with survey expectations … the inflation target set by the monetary authority to examine the effectiveness of monetary policy in forming inflation …

The objective of this paper is to assess the conditions for inflation targeting in Pakistan. The recent inflationary … surge in Pakistan calls for rethinking monetary policy afresh. This paper argues the case for inflation targeting in … Pakistan as a policy option to achieve price stability. The country experienced an inflation rate of just below 10 percent …

The Central Reserve Bank of Peru (BCRP) has been targeting inflation for more than a decade, using Lima’s inflation as … the operational measure. An alternative indicator is countrywide inflation, whose quality and real-time availability have … improved substantially lately. Hence, given these two somehow competing measures of inflation, two interesting policy questions …

Three classes of inflation models are discussed: Standard Phillips curves, New Keynesian Phillips curves and Incomplete … Competition models. Their relative merits in explaining and forecasting inflation are investigated theoretically and empirically … successful inflation forecasting. …

the Phillips curve based on constant inflation expectations has returned for Sweden. Based on estimates of this model …-2011. This result is based on Svensson's unrealistic as well as unnecessary assumption of constant inflation expectations … anchored at the Riksbank's inflation target of 2 per cent. Data show, however, that the public's inflation expectations have …

income). This rate was also a NAIRU, the only rate consistent with stable inflation. It is then argued that the current … behaviour of many modern economies in which there is a credible policy to maintain a low and steady inflation rate is … noninflationary band of unemployment (a NAIBU) indicating a range of unemployment and income over with the inflation rate is stable …

Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the … therefore examines the empirical properties of inflation expectations data constructed on the basis of both qualitative and … provides some insights into the nature of the interaction between monetary policy and inflation expectations. …