cent over a two-year horizon. Both cyclical (subdued demand) and structural (decline in level of inflation) factors have …

movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …

This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness … (Bossone, The portfolio theory of inflation and policy (in)effectiveness, 2019). The PTI shows that when an economy is heavily … and policies aimed to stimulate output growth dissipate into domestic currency depreciation and higher inflation, with …

costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …

This paper studies exchange rate pass-through to food and energy consumer price inflation and its dependence on the … inflation environment using cross-country panel estimation of Phillips curves. It considers a large panel of OECD member and … inflation and also significant for food CPI inflation. A 10% depreciation in the exchange rate leads to an increase in energy …

The article develops a stylized medium-run post-Kaleckian open economy model with conflict inflation and combines two … demand, growth, trade balance, and inflation are generally ambiguous and highly contingent on the parameter constellation of …

June, inflation has continued to accelerate, reflecting the ongoing expansionary fiscal stance, but also the lengthy nature …

Inflation differentials within European Monetary Union (EMU) are increasingly seen as exerting adverse effects on the … euro-area economies, in particular to those with relatively high inflation rates. Using three simple measures of …