inflation. We discuss dollarization, administrative interventions, and other features complicating monetary policy transmission …

The Maastricht inflation criterion, designed in the early 1990s to bring ""high-inflation"" EU countries in line with … ""low-inflation"" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the … European Central Bank. While the criterion has positively influenced the public stance toward low inflation, it has biased the …

This paper provides an overview of statistical measurement issues relating to alternative measures of core inflation …

How should a central bank organize itself to produce the best possible inflation forecast? This paper discusses … elements for building a comprehensive platform for an inflation forecasting framework. It describes the exercise of forecasting … inflation as a production process, which induces a strict discipline concerning data management, information gathering, the use …

Financial instruments are subject to inflation taxes on the wealth they represent and on the nominal income flows they … production and shows that the value of the firm in this case is equal to the firm’s capital stock divided by inflation. The … resulting asset-pricing conditions indicate that the effect of inflation on asset returns differs from the effects found in …

solution, a rule for determining the inflation and output growth effects is presented. Assigning alternative values to the key … counterparts. An application to major industrial country data indicates that the suggested rule is robust. Both inflation and …

The purpose of this paper is to empirically determine the causes of worldwide diversity of inflation volatility. We … with higher inflation volatility …

-in the context of a historic surge in inflation. In surveys with more than 10,000 US households and 100 academic experts, we …, and often feature politically loaded explanations. Households' narratives matter for their inflation expectation formation …