This paper studies inflation dynamics during 25 historical episodes in advanced economies where output remained well …, underpinned by weak labor markets, slowing wage growth, and, in many cases, falling oil prices. Indeed, inflation declined by … about the same fraction of the initial inflation rate across episodes. That said, disinflation has tended to taper off at …

Inflation followed a strikingly uniform pattern in all countries of the Middle East, North Africa, and Central Asia … variables are included. The pattern of inflation is explained mainly by past inflation, the strength of the US dollar, US … inflation, and—depending on the subset of countries analyzed—monetary and exchange rate policies and nonfuel commodity prices …

This paper simulates out-of-sample inflation forecasting for Germany, the UK, and the US. In contrast to other studies … that Phillips curves based on ex post output gaps generally improve the accuracy of inflation forecasts compared to an AR(1 …) forecast but that real-time output gaps often do not help forecasting inflation. This raises the question how operationally …

Motivated by the global inflation episode of 2007-08 and concern that high levels of inflation could undermine growth …, this paper uses a panel of 165 countries and data for 1960-2007 to revisit the nexus between inflation and growth. We use a … smooth transition model to investigate the speed at which inflation beyond a threshold becomes harmful to growth, an …

This paper attempts to explain short- and long-term dynamics of-and forecast-inflation in Tajikistan using the Vector … demonstrates that the exchange rate and international inflation have a strong impact on local prices. Available monetary …

stability under adaptive learning for interest rate rules that respond to inflation measures differing in their degree of price … stickiness. We find that rules responding to headline inflation measures that assign a positive weight to the inflation of the … the inflation of the sector with high price stickiness. By this we mean that they are more prone to induce non …

securities, they contributed to the four-digit inflation reached in 2006. The remedy for the current situation is clearly to …

Zimbabwe has currently the highest rate of inflation in the world (an annual rate of 1,730 percent in February, 2007 …). The high rates of inflation have contributed to the contraction of the economy, which has declined by about 30 percent … since 1999. This paper examines the stabilization experience of countries that experienced similar rates of inflation (above …

This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the … inflation, albeit with a larger role played by the money gap. There is no significant evidence of asymmetry in the relationship …

inflationary expectations. The main element underlying Spain’s recent disinflation appears to be a fall in inflation expectations …