Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in … incorporates two key features of the theory. Unlike previous studies, we model inflation as nonlinearly related to fiscal deficits … through the inflation tax base and estimate this relationship as intrinsically dynamic, using panel techniques that explicitly …

Persistently high inflation rates have led many to believe that inflation in Turkey has become ""inertial,"" posing an … obstacle to disinflation. We assess the empirical validity of this argument. We find that the current degree of inflation …, expectations of future inflation are more important than past inflation in shaping the inflation process, providing little evidence …

This paper investigates the determinants of inflation in the Dominican Republic during 1991-2002, a period …-correction model using quarterly observations, the paper finds that inflation is explained by changes in monetary aggregates, real … output, foreign inflation, and the exchange rate. Long-run relationships in the money and traded-goods markets are found to …

Extending recent theoretical contributions on sources of inflation inertia, we argue that monetary uncertainty accounts …

The paper analyzes the dynamics of inflation in Guinea during 1992-2003 applying cointegration and error …

The paper evaluates the 24-month ahead inflation forecasting performance of various indicators of underlying inflation … and structural models. The inflation forecast errors resulting from model misspecification are larger than the errors …) overperform other measures over the monetary policy horizon and are leading indicators of headline inflation. Trimmed means …

area liquidity. U.S. excess liquidity also enters consistently positive as a determinant of euro area inflation. There is …

This paper presents a basic plan for developing a Forecast and Policy Analysis System designed to support an inflation …

The paper analyzes the forces driving inflation in the new EU10 member countries. A significant part of headline … inflation in these countries is due to common factors, such as price level convergence and EU integration. However …, idiosyncratic factors have also played a role in the inflation process. These factors are related to the country-specific financial …

During the first half of 2008, Sri Lanka witnessed significantly higher inflation than most other emerging Asian … countries. Inflation has since declined amid declining world commodity prices and tight monetary policy. Given the sensitivity … to global commodity prices, a core inflation measure could be useful for monetary policy. The purpose of this paper is to …