This Selected Issues paper quantifies the importance of international food and oil price inflation for Uruguayan … inflation. The paper employs the vector autoregressive (VAR) model and Phillips-curve estimations techniques to address these … international context. The paper examines spillovers from commodity price increases to measures of core inflation, and reveals that …

This paper classifies countries that define their monetary policy framework by an inflation target into full …-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes. This classification is based on … indicators of the clarity and credibility of the commitment to the inflation target. The three regimes can be viewed as …

business cycle variance and about 25 percent of the variance of inflation. …

This paper is the first attempt to look at inflation dynamics and monetary transmission mechanisms in Armenia in the …

The Maastricht inflation criterion, designed in the early 1990s to bring "high-inflation" EU countries in line with … "low-inflation" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the … European Central Bank. While the criterion has positively influenced the public stance toward low inflation, it has biased the …