contracts, and inflation policy targets. The last section addresses current developments. These include the proper choice of …

This paper develops a model which can explain the hump-shaped impulse response of inflation to a monetary shock. A …). Nevertheless, we can show that inflation is hump-shaped under a reasonable range of parameters. It will be also shown that, in … order for inflation to be hump-shaped, sticky wages and variable capital utilization are important as well as dynamic …

This paper empirically analyzes whether and to what extent the adoption of inflation targeting (IT) in Korea, Indonesia …, Thailand and the Philippines has affected their business cycle synchronization with the rest of the world. By employing the … international business cycle synchronization and the effect is positive in some of the countries, if any. These findings basically …

Le 5ème symposium international de la Banque de France a porté sur les effets de la globalisation sur l’inflation et …

The fifth international symposium of the Banque de France addressed the effects of globalisation on inflation and the …

This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed … from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation … Search Index (GISI) is assessed relative to 37 other indicators of inflation expectations – 36 survey measures and the TIPS …

, these preferences fail to generate observed inflation inertia and output persistence after a monetary policy shock …

inflation, building on our earlier work for the United States. Globally, as in the United States, pandemic-era inflation was due … bank inflation targets. As the effects of supply shocks have subsided, tight labor markets, and the rises in nominal wages …, have become relatively more important sources of inflation in many countries. In several countries, including the United …