Inflation persistence or ‘inertia’ has important consequences for monetary policy. Inflation which does not get … influence on inflation persistence by its credibility and responses in the face of inflationary shocks. In this study, we use a … flexible, time-varying parameter approach to analyze inflation persistence in the United Kingdom and United States during 1880 …

The link between inflation and inflation uncertainty is evaluated using Peruvian data, in a context of changing … components is used. The model shows how periods of high (low) inflation accompany periods of high (low) short- and long …-run uncertainty in inflation. The results of the model also illustrate how, during the recent period of price stability in Peru, both …

to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …

We develop a theoretical model that features a business cycle-dependent relation between output, price inflation and … inflation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reflects the rationale … pronounced convex relationship between inflation and the output gap, meaning that the co-efficient in the Phillips curve on the …

for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of … inflation and devaluation in Georgia and to determine the main directions to overcome it. Due to study purposes was investigated … the causes of inflation and devaluation, as well as was examined its influence on economic development of the country and …

to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …

The paper examines a wide variety of models forecasting inflation, consumer survey, professional survey, judgmental … mark a return to inflation below central bank targets, but there is no visibility for timing of this development …

Inflation targeting has become the most popular and widely discussed policy framework in the contemporary monetary … policy practice. The success of inflation targeting has been proved by a number of advanced and emerging countries and hence …. However, a country needs to fulfill several prerequisites to adopt inflation targeting in terms of institutional setup, legal …

Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early … 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a … checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a …

We develop a theoretical model that features a business cycle-dependent relation between out- put, price inflation and … inflation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reflects the rationale … pronounced convex relationship between inflation and the output gap, meaning that the coefficient in the Phillips curve on the …