This paper attempts to explain short- and long-term dynamics of-and forecast-inflation in Tajikistan using the Vector … demonstrates that the exchange rate and international inflation have a strong impact on local prices. Available monetary …

This is the third chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes …: Saying What You Do and Doing What You Say." It examines a number of elements in the design of an inflation …-targeting framework. These include the definition of the target variable, the relevance of core measures of inflation, and the advantages …

Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation …: inflation uncertainty and relative price variability. In line with theory and most evidence for advanced and emerging market … economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the …

toward an increase in expected inflation falls as debts increase beyond a certain threshold level. A debt …-constrained interest rate rule and the threshold level of debt are jointly estimated for Canada during the first decade of its inflation … loose than what inflation indicators called for. …

these policy instruments. It commits to higher money supply in the future so that the private sector expects inflation …

This paper examines determinants of inflation in Ukraine during 1993-2002 in a cointegrating framework. Two basic …-2002 data, pointing inter alia to a greater role of administered prices in the CPI within a fairly mainstream inflation process … enters short-term inflation determinants. Prudent macroeconomic policies, grain harvests, and administrative decisions …