policy. The direct inflation targeting strategy used by the European Central Bank in applying its monetary policy has the … first criterion of implementation the expression of inflation target in terms of „headline inflation†(consumer price … consumer price index, this one ensuring the necessary transparency related to the effects of inflation phenomenon. A strong …

The rational expectations hypothesis for survey and model-based inflation forecasts ? from the Survey of Professional … near-unit-root effects in inflation and inflation expectations motivates the use of a local-to-unity specification of the … inflation process that enables us to test whether the data are generated by locally non-stationary or stationary processes. Thus …

the effects of monetary policy depend on the level of development. In particular, inflation adversely affects capital …

level of inflation we note important regime dependence in the inflation response to monetary policy shocks. …

Inflation is usually defined as a generalized and persistent change in the price level. But this notion seems to be …, that inflation dynamics is always dominated by a strong comovement in sectoral prices. Nor that absolute price changes … predominate over relative price adjustment. What is more, it is expected that in normal times, when inflation remains at a low …

Using frequency domain techniques to separate short and long run dynamics and decomposing inflation into its common and … idiosyncratic components, we study the regime dependence of the inflation-RPV relation in Argentina and the USA. Under High … inflation, strong long-run comovement between RPV and inflation is found for both economies, that extends to the short run …

This paper analyses empirically the link between central bank financial strength and inflation. The issue has become … relationship between several measures of central bank financial strength and inflation, this link appears rather weak and not as … robust as suggested by the previous - very limited - literature. In general, other inflation determinants play a much more …

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