, robust measures of central tendency are likely to outperform the mean or standard measures of “core” inflation as indicators … of generalized inflation. The analysis also supports the use of geometric averaging in CPI construction and the targeting … of the geometric mean inflation rate rather than the Laspeyres mean …

Identifying determinants of the output-inflation tradeoff has long been a key issue in business cycle research. We … provide evidence that in countries with greater restrictions on capital mobility, a given reduction in the inflation rate is … Arrangements and Exchange Restrictions. Estimates of the output-inflation tradeoff are taken from previous studies, viz., Lucas …

implication of the model is a nonlinear relationship between the rate of inflation and the choice of regime for the next period … regime, followed by a gradual introduction of more flexibility as inflation subsides. A series of regressions on a sample of …

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence … striking result is not true with high degrees of inflation persistence. Secondly, we show that optimal fiscal policy is more … active under discretion than commitment at all degrees of inflation persistence and all levels of debt …

regarding the strength of international transmission of inflation. This paper uses a number of econometric techniques to assess … the extent of the link between inflation rates between China and the United States and Japan. It finds only limited … empirical evidence at the aggregate level for consumer price inflation in China leading to price changes in the United States …

This paper estimates core inflation in Norway, identified as that component of inflation that has no long-run effect on … GDP. The model distinguishes explicitly between domestic and imported core inflation. The results show that (domestic …) core inflation is the main component of CPI inflation. CPI inflation, however, misrepresents core inflation in some periods …

This study establishes a framework for analyzing the major determinants of inflation in the Islamic Republic of Iran …, and goods. Results strongly support the need for a sustained prudent monetary policy in order to reduce inflation and … inflation that, in turn, intensifies asset substitution (from money to foreign exchange), thereby weakening real demand for …

economies. The paper finds that for four widely used measures of economic performance—growth, inflation, the fiscal balance, and …

This paper revisits the question of the real effects of inflation, on the basis of the experience with 23 high … inflation episodes in 17 countries. It finds strong indications that inflation had contractionary effects on a number of … important macroeconomic variables, such as GDP, investment and employment. Moreover, high inflation led to a significant decline …