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

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

some exchange rate pass-through to inflation was found but not to import prices. Finally, Thailand exhibits a clear case of … exchange rate pass-through to import prices (but not to inflation) and thus evidence that a flexible exchange rate might be …

economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …

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

contribution to fluctuations in, the real exchange rate, output growth and inflation in four major economies over the past four … focused on inflation and output and the time-varying impact of monetary policy on these variables. In addition we generalise … as follows. The transmission of demand, supply and nominal shocks to the real exchange rate, output and inflation has …

aggregate targets, and inflation targets. Large economies are likely to use floating régimes and inflation targets. Small …

on the extent to which domestic inflation and interest rate surprises contribute to short-run volatility in G3 exchange … rates. We set out a simple model of the implications of different monetary regimes for the response of inflation, interest … rates, and exchange rates to inflation surprises. We then develop an operational measure of central bank transparency, and …