about the same fraction of the initial inflation rate across episodes. That said, disinflation has tended to taper off at …This paper studies inflation dynamics during 25 historical episodes in advanced economies where output remained well … below potential for an extended period. We find that such episodes generally brought about significant disinflation …

We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for …-relevant exercises. First, we filter international and Kenyan data (on output, inflation and its components, exchange rates and interest … inflation. Third, we perform an out-of-sample forecast to identify where the economy—and therefore policy—was likely headed …

choice of exchange regime with macroeconomic performance, inflation in particular. Stability of the exchange rate has … generally been a by-product of other policy choices. Even announcement effects of the regime on inflation-fighting credibility …

This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and … uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role … does monetary policy play? and (ii) why has inflation in Vietnam been persistently higher than in most other emerging …

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using … cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the … econometric results indicate that government spending, money supply growth, global inflation, and exchange rate pass-through play …

of Inflation Targeting. We start applying methodologies developed by Calvo and Reinhart (2002) and Ball and Reyes (2004 …, 2008) to check the probabilities of changes in exchange rate and monetary policy instruments before and after inflation … exchange rate shocks before and after inflation targeting regime. VAR model helps to understand the impacts of switch in …

This paper analyses inflation dynamics in the Central African Economic and Monetary Community (CEMAC) using a …. Imported commodity price shocks are significant in explaining inflation in the region. Governments are another driving force of … inflation dynamics mainly through controlled prices and the role of capital expenditure in domestic activity. In most CEMAC …

regime driven by the exchange rate and a third one with inflation targeting. The result is a CVAR with constant long … framework, inflation dynamics in Mexico since the country abandoned the gold standard. The model encompasses known results … parsimonious, it does not require inflation lags nor dummy variables. It also displays a very good pseudo out-of-sample forecasting …