Auto Regression (VAR) for the pre-inflation targeting and the inflation targeting periods. Results show that the pass …-through is significantly lower in the inflation targeting period compared to the previous period. The cumulative exchange rate …

The purpose of this article is to examine the influence of the following key macroeconomic indicators: GDP, inflation …/RON, inflation and interest rate. We can not validate the correlation between exchange rate and Balance of payment, because the test …

considered as permanent. If the level of the inflation rate and its persistence rise in the future, we will observe an increase …

In order to evaluate the second round effects on core inflation, an econometric model based on auto-regressive vector … technique was built. The way the core inflation reacts to the changes of oil and food prices on international markets, is an … mainly the way the core inflation responds, accordingly, to the changes of the fuel and food prices. The payoff of these …

This paper describes research comparing the response of inflation to changes in exchange rate competitiveness in … various regions of the world. The paper first presents evidence that an empirical relationship between the rate of inflation … possible to achieve low inflation and a high export competitiveness simultaneously. The paper then demonstrates that the …

Several explanations of the “great inflation moderation” (1982-2006) have been put forth, the most popular being that … inflation was tamed due to good monetary policy, good luck (exogenous shocks such as oil prices), or structural changes such as … inventory management techniques. Drawing from Post-Keynesian and structuralist theories of inflation, this paper uses a vector …

This paper investigates the question of whether a transition to a low-inflation environment, induced by a shift in … from previous empirical work in its focus on the identification of changes in the inflation environment and its use of a … supports the hypothesis that exchange rate pass-through declines with a shift to a low-inflation environment brought about by a …

This paper examines the international convergence of inflation rates during the flexible rate period of eighteen OECD …