constructed from a simple accounting identity, whereas the Divisia aggregates are constructed using statistical index number … theory and aggregation theory. The findings suggest that both D1 and M1 are identical, given the perfect substitutability of …

particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …

expansionary policies, global inflation has been present since 2021. The change in the macroeconomic environment has led to a … that is why inflation was lower in the USA compared to the euro area. All announcements for 2023 point to the continuation …

the currency equivalent and Divisia index techniques of monetary aggregation. We employ a graphical approach to …

the inflation rate, the deviation in real GDP (Gross Domestic Product), the deviation in money supply, the deviation in … weight to the deviation in unemployment rate, and moderate weights are assigned to the deviation in the inflation rate, the …

The popularity of inflation targeting has risen in the last decade and the number of countries that adopted inflation … targeting as their monetary policy framework surpassed 40 by the end of 2016. This study analyzes whether inflation targeting … around the world has been successful in terms of achieving the announced target and keeping inflation rate around it. We …

microeconomic aggregation or index number theory. However, most central banks in the world, including that of Singapore, the …Since Barnett derived the user cost price of money, the economic theory of monetary services aggregation has been … developed and extended into a field of its own with solid foundations in microeconomic theory. Divisia monetary aggregates have …

Monetary conditions index (MCI) has become an important indicator of monetary policy performance since its introduction … by Bank of Canada in the 1990s. This is so, as the index allows central banks to gauge monetary policy stance and … constructing the index, we consider three operating targets, namely interest rate, exchange rate, and reserve money, currently in …

There is no consensus over the importance of "global forces" on inflation. This study explores the role of structural … breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which "global … forces" are relevant. Three conclusions stand out. Global inflation impacts inflation in both AE and EME, but the impact is …