being unable to fully anchor inflation expectations and creating a deflation risk. In the paper we provide empirical … management has lead to the setting of the policy rate at levels compatible with trend inflation (the long-run inflation forecast …) in the range 1%-3%, and therefore without affecting negatively the inflation outlook …

We study the effects of inflation in models with various trading frictions. The framework is related to recent search … model, under posting the cost of inflation is similar to previous estimates, around 1% of consumption. Under bargaining, it … is considerably bigger, between 3% and 5%. Under price taking, the cost of inflation depends on parameters, but tends to …

banks to use interest rates to tackle inflation. However, as the financial crisis showed, financial stability is also …

Mirages of Hedonics: Quantitative Analysis of Technological Innoation Contained in Inflation Rates -- Chapter 3. Unravelling … the Mystery of Low Inflation in Korea during the Period of the Accommodation Policy 2012-17 -- Chapter 4. The Effects of … Inflation on the Financial Statements of Firms in South Korea -- Chapter 5. Inflation Dynamics and Expectations in Singapore …

We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation … rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation …-in-difference framework. We find that inflation targeting is successful in locking-in already low inflation rather than reducing high …