In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but … account, changing beliefs about the stability or otherwise of ongoing inflation, the capacity of a flexible exchange rate to … create a vicious circle of depreciation and rising domestic prices, and about the roles played by the natural unemployment …

This note develops an econometric model of inflation dynamics to assess recent developments. We find that most of the … between wages and prices. A consideration that could loom large is the shortfall in wage gains relative to their pre … Fed's monetary policy. If high markups unleash important competitive pressures across firms, then inflation and thus …

During the recent inflation episode, the paradigm of separated objectives for monetary and fiscal policies has shown … some limits. Fiscal policies have helped mitigate inflation. We advocate for the emergence of a new paradigm that gives …

In the past four to five decades, inflation has fallen around the world, with median annual global consumer price … inflation down from a peak of 16.6 percent in 1974 to 2.6 percent in 2017. This decline began in advanced economies in the mid …-1980s and in emerging market and developing economies in the mid-1990s. By 2000, global inflation had stabilized at …