In this paper we study the dynamics of inflation in Macedonia, provide three forecasting tools and draw some policy … conclusions from the quantitative results. We explore three forecasting methods for inflation. We use a Dynamic Factor Model (DFM … New Keynesian Phillips Curve (NKPC) for a more structural model of inflation. The NKPC shows a significant effect of …

Chinese inflation, particularly non-food inflation, has been surprisingly modest in recent years. We find that supply …-food inflation, as has foreign demand for Chinese goods. Domestic demand and monetary conditions seem less important, possibly … reflecting a large domestic output gap generated by many years of high investment. Inflation varies systemically within China …

The perception that Asia''s inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that … integration over the last two decades suggest that the drivers of inflation may have changed, and that domestic demand pressures … may now play a larger role than in the past. This paper presents a quantitative analysis of inflation dynamics in Asia …

inflation when there is no perceived commitment to reduce the fiscal deficit. The model is based on a modified version of the … current consumption leads to an equal increase in inflation. The timing of this increase varies with the size of the deficit … inflation. Three policy conclusions are offered …

This paper examines the effects of inflation and associated financial instability on income distribution. Using both … pooled cross country and single country time series models, the level of inflation, inflation variability, and the … measures of income distribution, the issue as to whether inflation is a progressive or regressive tax is found to be negatively …

behavior, the fiscal deficit, inflation and the capital stock. Wage controls have been widely advocated as a response to the … capital decumulation and reduce inflation, since wage moderation implies higher government revenues from the profit tax and … degree of wage indexation is effective in lowering inflation if nominal wages do not provide, on average, full protection …

variability over a prolonged period of time, against a background of high inflation. Convergence toward international relative and …

determinants of inflation in GCC, using an empirical model that includes domestic and external factors. Inflation in major trading … through growth of credit and aggregate spending. In the short-run, binding capacity constraints also explain higher inflation … is easing capacity constraints and will ultimately help to moderate price inflation …