We empirically characterize episodes of large inflation surges that have been observed worldwide in the last three … decades. We document four facts. (1) Inflation following surges tends to be persistent, with the duration of disinflation … exceeding that of the initial inflation increase. (2) Surges are initially unexpected but followed by a gradual catch-up of …

We empirically characterize episodes of large inflation surges that have been observed worldwide in the last three … decades. We document four facts. (1) Inflation surges tend to be persistent, with the duration of disinflation exceeding that … of the initial inflation increase. (2) Surges are initially unexpected but followed by a gradual catch-up of average …

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 …

This paper provides some empirical estimates on how tightly is it feasible to control inflation in a very small open … inflation and output variability that are achievable under a range of alternative monetary policy rules. These frontiers … illustrate that inflation stabilization is more challenging in Iceland than in other industrial countries primarily because of …

.S. contribute to the 2021-2023 inflation surge through the lens of several different empirical methodologies-event studies, vector … through a disinflationary channel in the Phillips curve while monetary and fiscal stimuli put positive pressure on inflation …

This paper reconsiders the link between tight money policies and inflation in the spirit of Sargent and Wallace's (1981 … return-dominated currency is used to study the long-run effects on inflation of a tightening of monetary policy engineered … arithmetic can be stable. In contrast, when monetary policy is conducted via an inflation target rule, the only stable …

This paper examines the impact of current account balances on energy, headline, and core inflation across developed and … find that an improvement in the current account consistently leads to lower inflation, with heterogeneous effects across … inflation components, even when controlling for monetary policy. Our analysis also explores regional differences and contrasts …

authority-a scenario increasingly relevant for many developed economies today. Central bank control over the long-run inflation …

authority-a scenario increasingly relevant for many developed economies today. Central bank control over the long-run inflation …