inflation. Over the last two years, this benign state has dramatically changed. In America and Europe, inflation has resurged …

rule and targets a zero inflation rate, there is a significant increase in the variability of output but not inflation …

how inflation responds to the monetary policy implementation. The main problem with the macro-economic policies that … useful effect on inflation (price stability). The study employed Auto-regression Distributed Lag (ARDL) Bound Test for Co …-integration of data analysis and Error Correction Model (ECM) estimation. The ADF test revealed that, inflation (INF), exchange rate …

being unable to fully anchor inflation expectations and creating a deflation risk. In the paper we provide empirical … management has lead to the setting of the policy rate at levels compatible with trend inflation (the long-run inflation forecast …) in the range 1%-3%, and therefore without affecting negatively the inflation outlook …

We study the effects of inflation in models with various trading frictions. The framework is related to recent search … model, under posting the cost of inflation is similar to previous estimates, around 1% of consumption. Under bargaining, it … is considerably bigger, between 3% and 5%. Under price taking, the cost of inflation depends on parameters, but tends to …

banks to use interest rates to tackle inflation. However, as the financial crisis showed, financial stability is also …