Does the exchange rate regime matter for inflation and economic activity? This paper argues that it does and that there … after pegging the currency to a more credible anchor, the average economy benefits from persistently lower inflation of 3 ….5% per year, higher temporary economic growth and lower inflation volatility. Moreover, the less credible countries are the …

strategies may be well described by Taylor rules with a time-varying inflation target, a time-varying natural rate of … benchmark model that does not account for changes in trend inflation and trend unemployment …

explain the observed exchange rate and inflation variability as well as the fact that the regression and VAR estimates tend to …

This paper analyzes the domestic and external inflation determinants for eight non-eurozone new EU member states (NMS … inflation determinants. This paper aims to fill this gap and add to the literature by several methodological and empirical … inflation into its domestic and foreign component via historical decomposition analysis. Results indicate that foreign shocks …

This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …

This paper examines the presence of nonlinear mechanisms in the exchange rate pass-through (ERPT) to CPI inflation for … three macroeconomic factors, namely inflation rate, exchange rate fluctuations and business cycle. Our results reveals that … exchange rate transmission is higher when inflation rate surpass some threshold. We give a supportive evidence to the Taylor …

The decline in the sensitivity of inflation to domestic slack observed in developed countries over the last 25 years … also the bigger ones) enter the export market. They tend to transmit less marginal cost fluctuations into inflation because … the proportion of large firms reduces the pass-through of marginal cost into inflation. …

inflation in the euro zone, dividing the sample in two groups of countries: core and periphery. Then we test if the euro … inflation dynamics. Using a dynamic panel data framework based on an exchange rate pass-through model, we estimate the … factor, in determining the asymmetry in HICP inflation between core and periphery. The nominal effective exchange rate …