Mexico in the period 1996-2011, which was characterized by a reduction in the level and volatility of inflation. Our results … downward nominal wage rigidities seems to have increased slightly as inflation decreased, as found in studies for some other … countries that achieved a lower and more stable inflation. …

In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but … account, changing beliefs about the stability or otherwise of ongoing inflation, the capacity of a flexible exchange rate to … inflation targeting arrived on the scene only after the Canadian regime was well established. …

This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness … (Bossone, The portfolio theory of inflation and policy (in)effectiveness, 2019). The PTI shows that when an economy is heavily … and policies aimed to stimulate output growth dissipate into domestic currency depreciation and higher inflation, with …

responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …