inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing … empirical findings show that the effect of inflation volatility is positive, while the effect of trend inflation is negative …. The implication is that reduced inflation volatility (holding trend inflation constant) helps stabilize the business cycle …

question of how central bank transparency is entangled with price stability and inflation volatility. A plethora of studies … same is true for inflation volatility: central bank transparency seems to diminish inflation uncertainty. This confirms the … bankers to explain their monetary policy decisions in detail and for them to publish inflation forecasts. This leads to the …