Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often …

economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …

responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …

Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By ….g. food prices for low-wage workers). Based on the conflicting-claims inflation literature, we propose a new extension to this … with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality …

Inflation targeting has been adopted in a set of emerging economies, including eight countries in Latin America. The … take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter …

countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best … elasticities implied by theories of Baumol-Tobin and Miller-Orr. Finally, the sample after 1990 shows considerably less inflation … variability, worsening the fit of a one-for-one relationship between money growth and inflation, and generates a fairly low …

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 …

We address this question by examining the conditional dynamics of inflation and output growth in response to markup … shocks for 14 industrialized countries. Markup shocks create a trade-off between output gap and inflation stabilization … purposes, and the theory predicts that conditional on such shocks output growth should be more volatile than inflation in …

Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often …