This paper uses the wavelet methodology to analyze the dynamics of inflation in Mexico at different frequencies over … time. First, we analyze the monthly behavior of the headline, core, and noncore inflation from January 2007 to December … 2018. Subsequently, the decomposition shows that the shocks on headline inflation in 2017 were mainly associated with the …

This paper presents a new mechanism through which monetary policy rules affect inflation persistence. When assuming … the traditional demand channel of monetary transmission have a long-lasting effect on inflation dynamics. The Calvo model … around positive trend inflation. With realistic calibration of trend inflation and the monetary policy rule, the model can …

We investigate drivers of Euro area inflation dynamics using a panel of regional Phillips curves and identify long …-run inflation expectations by exploiting the crosssectional dimension of the data. Our approach simultaneously allows for the … inclusion of country-specific inflation and unemployment-gaps, as well as time-varying parameters. Our preferred panel …

Distortionary effects of inflation on relative prices are the main argument for inflation stabilization in macro models … with sticky prices. Under indexation of non-optimized prices those models imply a nonlinear and dynamic impact of inflation … generalized form of) the theoretical relationship between inflation and RPV. We confirm the impact of inflation fluctuations but …

central banks target inflation at a rate of about 2 percent. Many economists have recently proposed even higher inflation … importance of appropriately accounting for a low, positive trend inflation rate for the conduct of monetary policy. We first … review empirical research on the evolution and dynamics of U.S. trend inflation, as well as some proposed new measures to …