) changes and short-run inflation (π) for the Philippines between 1994 and 2019. The authors follow the approach of Ball and … implications for inflation. The presence of higher-order moments leads to asymmetric price adjustments in response to shocks … inflation in the Philippines, particularly in the food and oil sectors, and are likely to become more prevalent in the face of …

account the changes that occurred in relative price movements between the pre-inflation targeting (ie 1994–2001) and inflation … their distribution are positively related to movements in short-run inflation. Moreover, price adjustments are observed to … be asymmetric, which can have significant effects on short-run inflation. Full Publication: "https …

monthly data between 1995 and 2005 for Mexico, to examine the inflation-RPV relationship, and to investigate if remittances … could account for the observed relationship. While the positive relationship between inflation and RPV is a robust result …, remittances are found to have significant positive effects on both inflation and RPV. These results are interpreted as providing …

This paper decomposes consumer price inflation into pure inflation, relative price inflation, and idiosyncratic … inflation by estimating a dynamic factor model á la Reis and Watson (2010) on a data set of 146 monthly disaggregated prices … from 1995 to 2019. We find that pure inflation is the trend around which PCE price inflation fluctuates, while relative …