combining the public finance view of inflation with multiple exchange markets. To account for the experience of many developing … rates were often announced as temporary. The paper shows that the dynamic response of inflation to the reform markedly … differ whether the announcement is credible or not. The paper also compares the response of inflation under a fixed crawl of …

Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on … the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by … best prospect for moving to low inflation …

forces that generate inflation in the uncontrolled market, and that cause shrinkage of the controlled economy as resources …

There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature … assessing the effect of rising food prices on the poor. This paper attempts to combine these strands by dividing inflation into … food and nonfood inflation and assessing whether food inflation affects income inequality differently from nonfood …

This paper shows that the response of inflation to external shocks is very different when the authorities target the … would have no effect on the steady-state inflation rate under a fixed exchange rate are either inflationary or deflationary …

proportionally to inflation. We show that conditions under which these rules generate aggregate instability by inducing liquidity … that respond to expected future inflation are more prone to induce endogenous cyclical and chaotic dynamics the more open …

This paper examines whether the clarity of central bank communication about inflation has changed with the economic … environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by … explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis …

This paper examines the implications of elevated global food prices for inflation in select Central Asian economies … - Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan. The findings suggest that global food inflation has significant … short-run effects that build over time. Inflation outcomes simulated under alternative global wheat price assumptions …

While inflation differentials in a monetary union can be benign, reflecting a catch-up process, or an adjustment … domestic product and labor markets that amplify or make more persistent the impact of shocks on inflation. The paper examines … the determinants of inflation differentials in the euro area, with emphasis on the role of country specific labor and …