This paper explores the impact of the exchange rate regime on inflation and output in the Central and Eastern European … exchange rate stability have a better explanatory power than the de jure measures in the inflation and growth equations. For … the whole observation period the estimations reveal a significant impact of exchange rate stability on low inflation as …

" macroeconomic events. We examine this conjecture by studying Bayesian predictive distributions for output growth and inflation in …

returns, inflation and the business activity. Second, it documents increased correlation of the commodity returns with the … the business cycle. Fourth, it proves that the commodities retained their inflation hedging abilities in the financialized …