Two strands of the literature suggest that PPI inflation, rather than CPI inflation, should be the targeting variable … in a monetary policy rule. The distinction between these two rules would only be important if the two inflation indices … do not co-move strongly. The first contribution of this paper is to document that the two inflation gauges did co …

in tandem within a given country around the world, but start to diverge after 2000. Understanding the source of …

This paper considers the effect of exchange rate (ER) level on China’s domestic prices during the period of 2003 …–2012. We examine China’s consumer price index (CPI), import price index (IPI) and producer price index (PPI) by using time …