with markedly different long run implications are examined: inflation targeting and price-level targeting. Optimal … indexation differs significantly under the two regimes. Under inflation targeting, long-term inflation uncertainty is substantial … relatively high (76 per cent). With price-level targeting, by contrast, long-term inflation uncertainty is minimal because the …

the inflation–unemployment dynamics during the recession and COVID-19 times in India and the UK. Using a generalized … recession and eventually turn to stagflation in India due to inflation caused by the weak supply side. However, in the UK, the …

This paper uses a "trendy" approach to understand UK inflation dynamics. It focuses on the time series to isolate a low …-frequency and slow-moving component of inflation (the trend) from deviations around this trend. We find that this slow-moving trend … explains a substantial share of UK inflation dynamics. International prices are significantly correlated with the short …