Extending recent theoretical contributions on sources of inflation inertia, we argue that monetary uncertainty accounts …

This paper investigates the determinants of inflation in the Dominican Republic during 1991-2002, a period …-correction model using quarterly observations, the paper finds that inflation is explained by changes in monetary aggregates, real … output, foreign inflation, and the exchange rate. Long-run relationships in the money and traded-goods markets are found to …

EMs and policies became more procyclical during the recent crisis. (ii) Inflation targeting and better institutions have …, over and above better inflation outcomes. …