inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …

We investigate empirically the inflation dynamics in New Zealand, a small open economy and a pioneer in inflation …-economy Phillips curves under standard measures of global slack do not help forecast domestic inflation, possibly indicating … measurement problems with global slack itself. In turn, under a stable inflation target we still find that (i) global inflation or …

changing nature of inflation dynamics. We estimate a series of VAR models for a set of six Asian emerging market economies, in … parts of inflation and output dynamics. The global shocks are procyclical with respect to the domestic components of …