We assess the effects of financial shocks on inflation, and to what extent financial shocks can account for the … shocks through sign restrictions. Our main finding is that expansionary financial shocks temporarily lower inflation. This … during the latest financial crisis. We then explore the transmission channels of financial shocks relevant for inflation, and …

of past experience and international best practices. It confirms that food inflation has been the driver of domestic … inflation. The paper studies the recommendations of the Urjit Patel Committee and comments that monetary policies predominantly … focussed on inflation targeting may not necessarily be effective in India where inflation and inflationary expectations …

experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the "standard model" suffice to explain the broad contours of macroeconomic outcomes in …

The link between money creation and inflation has been theoretically demonstrated, but different inflation responses to … ``fiscal transmission mechanism'' whereby Federal Reserve purchases of Treasury securities lead to inflation as new dollars … perfect predictions of the 2022 inflation rate using a time series extending back half a century. We explain the fiscal …

-dependence; for periods of relatively high and volatile inflation not only the size of price changes (intensive margin) but also the … fraction of price adjustment (extensive margin) is important for aggregate inflation dynamics. Moreover, at the business cycle … frequency, variations in the extensive margin explain a large fraction of inflation variability even for moderate inflation …

This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a … advanced economies, and less anchored inflation expectations in emerging economies than in advanced economies …

observed and anticipated changes in inflation and other economic variables. This model provides a useful framework detailing … monetary policy and helping policymakers mainly to react strongly to inflation. …

inflation response to money shock, the liquidity effect and the sluggish price adjustment) are not robust. In an endogenous …