increase according to trends in productivity and the target inflation rate of the central bank. Wage developments without …

government spending triggers inflation, taxes have the opposite effect. This is consistent with Keynesian theory. Money supply … exchange rate while continuous inflation lowers it. …

This paper present a variety of approaches to estimating error-correction relationships between CPI inflation and … selected commodity price indices, based on their ability to to forecast out-of-sample predictions of CPI inflation. Depending … on specification, commodity prices have marginal value as predictors of inflation …

(CPI) to assess to what extent inflation shocks can be associated to the observed commodity price spikes. Results show that …