systems reflects a divergence of opinion on the appropriate way to handle macroeconomics and, in particular, to curb inflation …. This paper studies the connection between changes in the exchange rate and inflation as perceived in various exchange rate … low inflation in these countries. To this end we model price and exchange rate changes simultaneously and incorporate …

This paper studies inflation persistence with time-varying coefficient autoregressions for twelve central European … countries,in comparison with the United States and the euro area. Inflation persistence tends to be higher in times of high … inflation. Since the oil price shocks, inflation persistence has declined both in the US and euro-area. In most central and …