Artículo de revista ; This article analyses the link between the changes in and the drivers of inflation in a broad … range of advanced economies, with special emphasis on those of the euro area. Inflation rates are seen to be highly … common monetary policy. Also, the comovement of inflation is found to be a phenomenon that tends to be more visible in the …

resolver este problema ; In this paper we look at global inflation trends over the last decade and try to disentangle factors … that could explain the ultra-low levels of inflation during the recovery from the Great Recession. We review the literature … inflation’s reduced cyclical sensitivity to domestic economic slack, a bigger role being played by forward-looking inflation …

average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF and Consensus … Economics compared to their counterparts that do not. The gains in forecast accuracy from incorporating inflation expectations … countries). The analysis is undertaken for headline inflation and inflation excluding energy and food and both point and density …

This paper presents new non-linear regression estimates of the relationship between inflation and economic growth for … inflation is associated with moderate gains in GDP growth up to a roughly 15 – 18 percent inflation threshold. However, the … at all with either the inflation coefficient or our estimated turning point. With the middle income countries, we return …

This paper examines the question of whether inflation targeting monetary policy is an appropriate framework for sub …-Saharan African countries. The paper presents an overview of inflation targeting, reviews the justification for the regime, and … summarizes some major critiques. Monetary policy responses to inflation depend on the source of inflationary pressures. Therefore …

At our first meeting, ten years ago, we offered a medium-term strategy for ending inflation and restoring productive … growth to its long-term average. The rate of inflation for the previous three years was, then, about 5 1/2%. The average rate … disciplined, medium-term strategy to end inflation, inflation would rise and economic instability and unemployment would increase …

the past ten years to generate a pattern of world wide inflation. The experiences made since our first meeting in … peace inflation observed in the U.S.A., followed by a substantial downswing in economic activity in 1974/75. …

inflation. The Committee's concern was motivated by the repeated failures of our policymaking in 1967,1970 and again in 1972 … unleashed a new wave of inflation. From an inflation level below 4% p.a. in the spring of 1972 price movements accelerated to a … repeated for the fourth time in 1976/77. Inflation had been lowered to 4.5% p.a. in the second half of 1976 as a result of the …

future welfare (real income per capita) but offered otherwise no relevant specific action designed to lower inflation or to … concerning the nature of the inflation problem. The program submitted to the public's attention offered in particular no useful … major component in a program addressed to lower the rate of inflation. …