Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often …

Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early … 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a … checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a …

dynamics. It exploits comovement between in ation and the level from which adjusting prices departed. Prices that increase from …

inflation that can be attributed solely to the rounding of prices to figures that are "attractive" in euro. The empirical … analysis is based on a large sub-set of prices used by Istat to calculate the general consumer price index for Italy. Between … inflation in 2002 lies between 0.1 and 0.5 percentage points. The changeover apparently worked its effect mainly through …

Inflation appears to be the macro-problem in Ghana for which no antidote has been found under the economic recovery … are preventing inflation from staying within target levels. Using an error-correction model (ECM), the paper estimates an … inflation equation for Ghana. …

In this paper, we study the statistical relationship between money and prices in Argentina during the last quarter of … then apply a filter similar to that of Lucas (1980) and find that correlations between changes in money and prices are … period, the correlation is somewhat less and the relationship implies much smaller changes in prices for a given change in …

This paper studies two aspects of the behaviour of provincial relative prices in Spain: the relevance and the nature of … provincial inflation divergences and relative price shifts. Inflation differentials are found to be small (the range is less than … half point per year in the long-run), but deviations of relative prices from equilibrium can be very persistent. …

orientation of macroeconomic policies - and of monetary policies in particular - to achieving lower inflation rates. This has led … to a move from low inflation to price stability in a number of countries and, in particular, in Spain. The purpose of … from achieving inflation rates which are low enough to be considered consistent with a situation of price stability. …

Nowadays, with the diffusion of inflation targeting, the main instrument that central banks use to achieve final … objectives in the implementation of monetary policy (concerning inflation and unemployment) is the interest rate. Furthermore …. As inflation, unemployment and interest rates are determinants of the level of poverty, the central bank's behaviour is …