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 …

This paper reports on research into the negative relationship between inflation and the markup. It is argued that this … relationship can be thought of as ‘long-run’ in nature which suggests that inflation has a persistent effect on the markup and …, therefore, the real wage. A ‘rule of thumb’ from the estimates indicate that a 10 percentage point increase in inflation (as …

This paper appraises how countries with inflation targeting fared during the current crisis, with the goal of …

In India, there is a large divergence between CPI and WPI inflation trends in the past, wide dispersion in inflation … across commodity groups within WPI, and significant volatility in headline WPI inflation under the influence of supply shocks …, the statistical limitations of prices data have received increasing attention in the policy debates. This paper presents …

shocks of international prices and the exchange rate account for most variations in inflation, but domestic shocks to money …Yemen has had a high and volatile rate of inflation in recent years. This paper studies the underlying determinants of … inflation dynamics in Yemen using three different approaches: (i) a single equation model, (ii) a Structural Vector …

deflation are defined in this article as changes in the purchasing power of money caused by the money creation. Inflation and …There are three possible price movements in a market economy: stability, inflation, and deflation. Inflation and … deflation are potentially graver. In the contemporary two-tier banking system the money issue and circulation cannot be fully …

inflation does respond to broad money shocks, once foreign currency deposits are included. … inflation-targeting regime over the medium term. We find that the capability of monetary policy to influence economic activity … and inflation is still limited, as important channels of monetary transmission are not fully functional. In particular …

cycle. A model with nominal rigidities is extended by assuming that a fraction of firms need to borrow money to pay their … increase in inflation. The model explains the joint dynamics of output, inflation, real wages, and interest rates, and is …

Electronic money (e-money), as a network good, could become an important form of currency in the future. Such a … development could affect monetary policy effectiveness. If an increased use of e-money substantially limits the demand for central … monetary and fiscal policies. Also, the optimal size of monetary unions would be different. However, the current level of e-money …

, through the supply channel, has limited effects on output growth and inflation. Unanticipated currency fluctuations appear … more significant, with varying effects on output growth and price inflation across developing countries. …