Food prices are generally excluded from measures of inflation most closely watched by policymakers due either to their … transitory nature or their higher volatility. However, in lower income countries, food price inflation is not only more volatile … but also on average higher than nonfood inflation. Food inflation is also in many cases more persistent than nonfood …

in an environment with low inflation and nominal interest rates …

This paper develops stylized facts about the inflation process in developing countries, focusing particularly on the … relationship between the exchange rate regime and the sources of inflation. Using annual data from 1964 to 1998 for 53 developing … dominate the inflation process in developing countries with fixed exchange rate regimes …

This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for … real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The … model estimates are used to address the questions raised by the decline in inflation that occurred up to the first half of …

inflation combined with a free float seems to be the ultimate option. The paper shows how to design and operationalize such a …

This paper develops an approach for forecasting in Thailand core inflation. The key innovation is to anchor the … projections derived from the short-term time-series properties of core inflation to its longer-run evolution. This involves … goodness-of-fit criteria, with an equilibrium-correction model that pins down the convergence of core inflation to its longer …

Growth and inflation in Turkey have been volatile over the last two decades. It would, therefore, be useful to identify … indicators that anticipate economic conditions and inflation. This paper investigates the predictive performance of economic … indicators for inflation and real output growth in Turkey. We find that (i) the forecasting ability of individual indicators is …

As Albania has succeeded in reducing inflation to very low levels, understanding the driving forces behind the behavior …

money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of … contains relevant information for inflation in some model classes. Money-based New Keynesian DSGE models and VARs incorporating …

sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries … of inflation variability, as predicted by the fiscal theory of the price level …