determination of inflation dynamics. The model is characterized by local interactions of heterogeneous firms and households in the … relative prices but also on firm size. We show that our model is able to generate realistic inflation dynamics, as well as a … inflation stemming from a tight labor market only holds when markets are competitive and efficient. Finally, we study the …

exchange rate variations to price inflation, also known as the exchange rate pass-through (ERPT). This paper explores the … effect of ERPT on domestic inflation in Vietnam by comparing with other Asian economies. Specifically, pass … inflation across the sample-countries. Our findings reveal profound implications for monetary policy management and price …

Stabilisation -- Szilárd Benk, Péter Horváth, Norbert Szepesi: Inflation Shock and Monetary Policy -- Csaba László: Fiscal Policy …, trade and supply chains, the surge in inflation, the tightening of global financial conditions, and elevated uncertainty …

We explain how the Bank of Canada's policy models capture the trade-off between output and inflation in Canada. We … inflation and provide new estimates of the trade-off using recently proposed methods. Finally, we contrast these estimates with …

We present two models for long-term inflation expectations and inflation risk premiums for Canada. First, we estimate … inflation expectations using a vector autoregressive model based on the relationship of inflation with both the unemployment gap … and the term structure of the Government of Canada nominal bond yields. Then we estimate the inflation risk premium by …