This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

The study investigates the effect of changes in the exchange rate on output growth and inflation in the WAMZ economies …, inflation, exchange rate depreciation/ appreciation and money supply growth. Employing quarterly data series for the period 1981 … autoregressive (VAR) model to estimate the impulse response functions and variance decompositions for inflation and output in order …

reveal some evidence of convergence in exchange rates, especially for Guinea and Liberia. For inflation, there is no evidence …

believed to be most stable- currency boards and inflation targeting. We find that under either regime tensions are likely to … arise from the attempt to meet the accession criteria of a low inflation rate and a stable exchange rate. Due to likely … appreciation. Thus a currency board arrangement may well fail to produce an inflation rate below the Maastricht ceiling, unless the …