Mirages of Hedonics: Quantitative Analysis of Technological Innoation Contained in Inflation Rates -- Chapter 3. Unravelling … the Mystery of Low Inflation in Korea during the Period of the Accommodation Policy 2012-17 -- Chapter 4. The Effects of … Inflation on the Financial Statements of Firms in South Korea -- Chapter 5. Inflation Dynamics and Expectations in Singapore …

This revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigorous graduate … for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfare. A backbone of … inflation-targeting policies. New material includes labor and financial market frictions, the zero lower bound on nominal …

This paper identifies optimal policy rules in the presence of explicit targets for both the inflation rate and public … second-order approximation to the equilibrium conditions. Optimal policy features a strong anti-inflation stance and strict … fiscal discipline. Targeting a domestic inflation index - as opposed to CPI - improves welfare because it reduces the …

In this paper, we examine the time series properties of inflation in seven countries that have adopted inflation … targeting. Unlike previous studies, we utilize a non-linear mean reverting adjustment mechanism for inflation and we discover … that, although deviations of inflation from the target can exhibit a region of non-stationary behaviour, overall they are …

Based on the understanding of inflation forecasts as an intermediate policy objective, this paper evaluates forecasts … of different inflation models in Colombia during the inflation targeting (IT) period. The evaluation is done using three …