South Africa's inflation and business cycles. The study uses a small open economy New Keynesian Dynamic Stochastic General …. Regime F (active fiscal policy), in contrast, stabilizes debt more quickly but at the cost of higher inflation, as it does …

Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal … microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants …

evidence suggest that this effect is smaller during the inflation targeting period. …

been re-calibrated and re-estimated to reflect economic conditions since the introduction of inflation targeting in 2001 … historical shock and forecast-error-variance decompositions, and assessing its forecasting performance against a suite of …

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 …

welfare when alternative instruments are unavailable. Higher in inflation targets instead allow for negative real interest …

number of inflation and real activity measures for the United States. We identify demand and supply factors by imposing … demand and supply over the past five decades. The most recent factor estimates indicate that the inflation surge since mid …

An apparent disconnect has taken place between inflation and economic activity in the US over the last 25 years, with … price inflation remaining remarkably stable in spite of large fluctuations in the output gap and other measures of economic … implications for demand and supply curve slopes. Equipped with New Keynesian theory and estimated SVAR models, we decompose the …