Recent literature has argued that exchange rate pass-through (ERPT) into domestic inflation has been declining in many … countries following a dramatic change in inflation environment during the 1990s. Available empirical results face two central … arbitrariness; and (ii) the link between a lower ERPT and inflation environment is usually based on simple correlation analysis and …

expansion) by focusing on domestic inflation, the foreign exchange (FX) rate, and the quantity of FX traded in the local market …. The empirical results suggest that the inflation rate is largely driven by foreign price and oil shocks. Nevertheless, the … the exchange rate, and slightly increasing the inflation rate. The latter finding has important implications for the …

) "uncovered inflation rate parity condition" in a monetary union. The analysis of the actual divergences and imbalances in the EMU …), the problem of instability is simply transferred to inflation rate differentials, what we call the (impossibility of the …, then, suggests that failure to respect the "uncovered inflation rate parity condition" in a monetary union may lead to …

) "uncovered inflation rate parity condition" in a monetary union. The analysis of the actual divergences and imbalances in the EMU …), the problem of instability is simply transferred to inflation rate differentials, what we call the (impossibility of the …, then, suggests that failure to respect the "uncovered inflation rate parity condition" in a monetary union may lead to …

Motivated by the potential contribution of China's unilateral peg to asset price inflation in the US before the … stronger US asset price inflation relative to the one that would have been observed under a floating USD/CNY exchange rate. …

Recent literature has argued that exchange rate pass-through (ERPT) into domestic inflation has been declining in many … countries following a dramatic change in inflation environment during the 1990s. Available empirical results face two central … arbitrariness; and (ii) the link between a lower ERPT and inflation environment is usually based on simple correlation analysis and …

evaluate the impact of monetary policy on New Zealand business cycles and inflation variability and the output/ inflation … policy has generally been counter-cyclical, thereby reducing business cycles and inflation variability. Exceptions are in … inflation targeting monetary policy tended to simultaneously reduce inflation and output variability. From 1996 to 2001 monetary …

stance vis-a-vis the target, but better still is a frequent publication of inflation forecasts and the methodology behind …