Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed … economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded … target levels. We find that the cause of accelerating inflation was an imbalance between aggregate demand, which started to …

This paper investigates two stages of transmission through which inflation stabilization policy affects headline … inflation by estimating a threshold cointegration model. The paper finds that asymmetric monetary shocks passing-through food … headline inflation by means of stimulating food supply could unavoidably inflate food prices more than it could deflate it …

years of restrictions, growing debts and money supply, and extremely high inflation. This research analyses the Harmonised … Index of Consumer Prices (HICP) in the service industries of the EU-27, comparing it to overall inflation and price growth … inflation and substantiates the need for monetary policy measures to slow down inflation. …

particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …

We assess the efficiency of monetary policy to guide inflation expectations in high and low regimes. Using quantile … regression we analyze the persistence of inflation expectations from the Consensus Economics Survey at different quantiles. We … Fed's unconventional monetary policy at the ZLB in thus ineffective in guiding inflation expectations. …

trend in the model. An empirical illustration withinflation rate data is provided. -- stationarity test ; inflation rate …