inflation index indeed has a forward-looking component, as it has favorable inflation forecasting properties on the policy … suggest that the sticky price inflation index is a useful indicator for inflation targeting central banks. ….e. whose price changes rarely) contain more information about medium term inflation developments than those of flexible price …

The inflation rate is normally computed as a weighted average of individual price changes. Alternatively, this rate …

variable as some sort of average price. Instead it represents some price index indicating the average of the individual items …' price changes between the period considered and some base period. The Laspeyres and the Paasche index are cited as the best … to that of the base period. It is shown that a wide range of index formulas can be interpreted in this way, including the …

-run trade-offs between output and inflation: lower trend inflation flattens the Phillips curve and decreases steady-state output … by increasing markups. We show that the aggregator reduces both the steady-state welfare cost of higher trend inflation … and the inflation-related weight in a model-based welfare function for higher trend inflation. Consequently, optimal trend …

pull inflation is induced into the economy. On the other hand, due to the difference between real GDP growth rate and … weighted average lending rate, a cost push inflation is created. We quantitatively measure the amount of extra money the … top of the accompanying real GDP growth rate. We examine the process of creating two-fold inflation by the interplay …

It has been argued that economies with more independent central banks experience lower inflation over time. In this … the inflation rate dynamics. Second, we implement a panel data analysis. We find evidence that legislative reforms that … modify the degree of independence of a central bank have a strong impact on the inflation rate dynamics. Moreover, underlying …

inflation is induced into the economy. On the other hand, due to the difference between real GDP growth rate and nominal lending … rate, a cost push inflation is created. We quantitatively measure the amount of nominal interest income the depositors … goods which is not supported by the accompanying real GDP growth rate and thereby causing inflation in the economy. We …

and as an inflation indicator. It is shown that the index can be misleading in both cases. The MCI is ineffective in … be misleading in the case of a supply shock. As an inflation indicator the index is also subject to some drawbacks in the …In recent years increasing use has been made in monetary policy analysis of the so-called Monetary Conditions Index …