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 …

Regression model for the period 1995Q1 to 2018Q2. The empirical evidence reveals the existence of two inflation regimes during … the period under review. Food inflation, energy inflation, firms’ marginal cost, and imported inflation account for most … exchange rate solely explains price changes in the composite consumers’ basket when inflation switches to high regime …

This paper focuses on modeling and forecasting inflation in India using an augmented Phillips curve framework. Both … demand and supply factors are seen as drivers of inflation. Demand conditions are found to have a stronger impact on non …-food manufactured products (NFMP) inflation vis-a-vis headline wholesale price inflation; moreover, NFMP inflation is found to be more …

In the paper we have investigated to what extent the behaviour of CPI inflation depends on changes in domestic economic … price indices respond to exchange rate movements and/or foreign inflation. The impact of exchange rate is most substantial …

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 …

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 …

Phillips curve, the sum of coefficients associated with expected inflation is far beyond unity, whatever measure of expected … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the …

15 years. Controlling for the most important other factors influencing the inflation rate, we estimate cointegrations and …