other sources of sluggishness to explain the observed high inflation persistence. Second, we confront empirically our fair … inflation outcomes …

countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …

regime driven by the exchange rate and a third one with inflation targeting. The result is a CVAR with constant long … framework, inflation dynamics in Mexico since the country abandoned the gold standard. The model encompasses known results … parsimonious, it does not require inflation lags nor dummy variables. It also displays a very good pseudo out-of-sample forecasting …

The paper integrates the two-pillar Phillips curve, which explains expected inflation by the money growth trend, within … distinguished from which one derives inflation expectations from money growth trend figures whereas the other builds rational … expectations by way of learning. The inspection of output and inflation variances show that a policy of reacting to excess money …

This paper assesses the proximate causes of the post pandemic surge in US inflation, the Federal Reserve's real time …

interest rates, exchange rate growth, and inflation. We then decompose the Swiss long-term interest rate trend into various … decline in the level of inflation. Comparing Switzerland with the rest of the world, we show that while Swiss real interest … connection between inflation risk and the Swiss term spread, as well between relative inflation risk and the difference between …

The paper studies the inflation rate associated with optimal monetary and fiscal policy in a number of standard dynamic …, optimal inflation policy requires the validation, that is, the full accommodation of core producer inflation by actual … producer price inflation;(2) Optimal monetary policy implements Bailey-Friedman optimal quantity of money rule. No welfare …