experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the "standard model" suffice to explain the broad contours of macroeconomic outcomes in …

. Our results suggest the existence of nonlinearities in Mexico only for the merchandise inflation measure, including the … over headline inflation is small. Our results are consistent with the consolidation of a low ERPT in Mexico. …

HICP inflation seems to be largely driven by the goods component while ERPT to services prices is largely insignificant …

series perspective. More specifically, we investigate how dollarization effects inflation, GDP, inflation uncertainty and … money-price relationship in Ecuador. There are four main findings of this study. First, inflation is lower after official … prices and increase in the equity markets of emerging economies. Third, inflation uncertainty measured by inflation variance …

exchange rates have a modest effect on domestic price inflation while import prices have a stronger effect. Pass-through is …

inflation rate, both on the global and the individual-country level. …

" to inflation, an effect that is known as exchange rate pass-through (ERPT). In particular, if an exchange rate … relatively lower ERPT in the past two decades, the exchange rate continues to be a large determinant of inflation in several …

This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness … (Bossone, The portfolio theory of inflation and policy (in)effectiveness, 2019). The PTI shows that when an economy is heavily … and policies aimed to stimulate output growth dissipate into domestic currency depreciation and higher inflation, with …