inflation. We discuss dollarization, administrative interventions, and other features complicating monetary policy transmission …

The Maastricht inflation criterion, designed in the early 1990s to bring ""high-inflation"" EU countries in line with … ""low-inflation"" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the … European Central Bank. While the criterion has positively influenced the public stance toward low inflation, it has biased the …

This paper provides an overview of statistical measurement issues relating to alternative measures of core inflation …

How should a central bank organize itself to produce the best possible inflation forecast? This paper discusses … elements for building a comprehensive platform for an inflation forecasting framework. It describes the exercise of forecasting … inflation as a production process, which induces a strict discipline concerning data management, information gathering, the use …

Financial instruments are subject to inflation taxes on the wealth they represent and on the nominal income flows they … production and shows that the value of the firm in this case is equal to the firm’s capital stock divided by inflation. The … resulting asset-pricing conditions indicate that the effect of inflation on asset returns differs from the effects found in …

solution, a rule for determining the inflation and output growth effects is presented. Assigning alternative values to the key … counterparts. An application to major industrial country data indicates that the suggested rule is robust. Both inflation and …

The purpose of this paper is to empirically determine the causes of worldwide diversity of inflation volatility. We … with higher inflation volatility …

. China's recent reopening has paved the way for a faster-than-expected recovery. Global inflation is expected to fall to 6 …