We examine the indicator property of the monetary indicator for inflation. Using a P*-model, Svensson shows …

This document proposes a general macroeconomic framework to analyze the behavior of inflation. This approach has two … price level. When all shocks have a permanent impact, the regime determines the inflation rate, as in inflation targeting … cause the rate of inflation or the price level. With this, a new perspective on four different historical cases emerges. One …

minimizes the pitfalls associated with potential structural breaks. Exchange rate forecasting, inflation forecasting, output …