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The Effect of Commodity Price Shocks on Underlying Inflation : The Role of Central Bank Credibility

Davis, Scott - 2015

This paper seeks to document and explain the effect of a commodity price shock on underlying core inflation, and how … across many countries there was a break in the response of core inflation to a commodity price shock. In an earlier period, a … shock to commodity prices would lead to a large and significant increase in core inflation, but in later periods, the effect …

Persistent link: https://www.econbiz.de/10013036232

The information content of survey data on expected price developments for monetary policy

Gerberding, Christina - 2001

The present paper uses survey data on expected consumer price developments to analyse the role of inflation expectations in the inflation process. The survey measures of price expectations are derived from the European Commission's Consumer Survey and from the surveys of professional experts...

Persistent link: https://www.econbiz.de/10011419361

Inflation Mechanisms, Expectations and Monetary Policy

(SARB), South African Reserve Bank - 2016

This note identifies supply factors, particularly the exchange rate, as key drivers of inflation in South Africa. Demand factors play a negligible role, with a flat Phillips curve apparent since the inception of the country's inflation targeting regime. The Phillips curve flattened further with...

Persistent link: https://www.econbiz.de/10012978987

Inflation Mechanisms, Expectations and Monetary Policy

Settlements, Bank for International - 2016

Persistent link: https://www.econbiz.de/10012979253

Has Inflation Targeting Become Less Credible? Oil Prices, Global Aggregate Demand and Inflation Expectations During the Global Financial Crisis

Sussman, Nathan - 2018

Beginning with the global financial crisis (2008) the correlation between crude oil prices and medium-term and forward inflation expectations increased leading to fears of their un-anchoring. Using the first principal component of commodity prices as a measure for global aggregate demand, we...

Persistent link: https://www.econbiz.de/10012916305

Anticipation of central banks' adoption of inflation targeting and its effect on inflation

Dubey, Amlendu Kumar; Mishra, Akanksha - In: Central Bank review / Central Bank of the Republic of Turkey 23 (2023) 2, pp. 1-13

We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation-targeting-disinflation, initial targets are met...

Persistent link: https://www.econbiz.de/10014364299

Inflation Expectations, Uncertainty and Monetary Policy

Sims, Christopher A. - 2013

Persistent link: https://www.econbiz.de/10013095755

The information content of survey data on expected price developments for monetary policy

Gerberding, Christina - 2001

Persistent link: https://www.econbiz.de/10001782903

Functional oil price expectations shocks and inflation

Anderl, Christina; Caporale, Guglielmo Maria - 2024

shock decomposition exercise show that inflation and inflation expectations are primarily driven by changes in the curvature …

Persistent link: https://www.econbiz.de/10014496462

Does low inflation pose a risk to economic growth and central banks reputation?

Dąbrowski, Marek - 2020

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the reputation of central banks. Thus, central banks should not...

Persistent link: https://www.econbiz.de/10012230450

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