This paper introduces a global database that contains inflation series: (i) for a wide range of inflation measures … (headline, food, energy, and core consumer price inflation; producer price inflation; and gross domestic product deflator … available sources, our database constitutes a comprehensive, single source for inflation series. We illustrate the potential use …

Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early … 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a … checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a …

and Galí (2006, 2008) New-Keynesian model of inflation and unemployment, where labor market frictions due to costs of … alternative values of hiring costs as a percentage of GDP. Under low hiring costs - a typical part of the U.S. calibration - for … policy rules based on current period inflation and unemployment our results are similar to those of Bullard and Mitra (2002 …

.The cost channel makes monetary policy less effective in combatting inflation, but it is shown that the optimal response to the …

anticipation of a future cost shock may only occur if prices are sufficiently flexible. We show analytically that this result holds … ; Optimal Monetary Policy ; Sticky Prices ; Welfare Analysis …

Turkey's inflation and the likely costs and benefits of disinflation. …, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises …

stronger bargaining position when they try to prevent a cut in money wages. If inflation is so low that some money wages have … to be cut, workers stronger bargaining position requires higher unemployment in equilibrium. However, inflation is more … stable when money wage rigidity binds, providing an incentive for monetary policy makers to choose a low target for inflation …

crisis is empirically examined. The standard model for themonetary analysis of inflation, i.e. the P-Star model by Hallman … long run dynamics of CPI inflation inIndonesia remarkably weIl. Hence, there is an empirical support for the assertion that … between excess MI and consumer prices in Indonesia during theAsian crisis. …

addressing higher inflation or supporting moderate growth. Higher food and fuel prices were the major drivers of headline …In the first-half of the global financial turmoil, rising inflation was a major concern for emerging East Asian central … inflation. Their causes, however, were a confluence of factors--whether cyclical or structural, domestic or global, supply or …

stable coinage with respect to weight and fineness, and no long-term inflation; 2) short-term disturbances in the velocity of … was less restrictive and had lower administrative costs for the coin issuer than re-coinage. Besides low monetization, the … why re-coinage was preferred to debasement. However, the costs for society as a whole could be higher for secret …