This paper documents three major and favourable inflation dynamics in emerging market economies (EMEs). First, the … level of inflation has moderated in EMEs and has been broadly stable since the early 2000s. Second, inflation persistence … after the financial crisis. In addition, the paper shows that the role of global factors on inflation is larger for EMEs …

inflation volatility.Also, causality tests results indicate that changes in the exchangerate, output gap volatility, and output … gap will have permanent andtemporary causal effects on inflation volatility. The policymakersshould carefully consider … these results to implement appropriatepolicies to reduce inflation volatility. The finding that the shocks areof temporary …

After trailing Euro Area inflation closely in the recent past, inflation in the Western Balkans has accelerated faster … VAR, adapting them to the data availability and country specificities of the Western Balkans, to analyze the inflation … dynamics in the region. It finds that international food prices affect not only headline but also core inflation as well as …

costs. In a way, this trade-off between inflation and the real exchange rate is identical to a standard Phillips curve. This …

prices. Stringent fixed exchange rate systems have exerted downward pressure on inflation both directly and via expectations … of future inflation. Measures of excess capacity in the labour market have no effect on inflation, while industrial … output gaps have some explanatory power. Real oil price shocks have an immediate but short-lived impact on inflation. …

inflation is found to be quite sensitive to the unemployment gap. An increase in cyclical unemployment by 1 percentage point … will reduce inflation by approximately 0.6 percentage points within a year. …

inflation is found to be quite sensitive to the unemployment gap. An increase in cyclical unemployment by 1 percentage point … will reduce inflation by approximately 0.6 percentage points within a year. …

inflation is found to be quite sensitive to the unemployment gap. An increase in cyclical unemployment by 1 percentage point … will reduce inflation by approximately 0.6 percentage points within a year. …