Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early … 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a … checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a …

Analyzing inflation as a change in the value of a currency, rather than changes in prices of goods and services …, provides perspective on three fundamental sources of inflation.A Money Value Formula produces a significant statistical fit … with forward long-term inflation rates using long lags of monetary aggregates with inflation variability due almost …

explain virtually all variation of future long-term inflation, enabling significantly more accurate inflation forecasts than … inflation in all 18 countries surveyed. Over 94% of the variation of long-term inflation is explained in 13 of the 18 countries … sample forecasts for U.S. inflation are 50% more accurate (smaller error) than consensus long-term forecasts and 10-20% more …

to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …

Low and unresponsive inflation has been termed a “puzzle.” The paper describes a formula for which these conditions … variability of forward long-term inflation. Its U.S. inflation forecasts are comparable to recognized leaders in accuracy with … potential applicability to international economies as well.Inflation Elasticity, the responsiveness of inflation to monetary …

of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an …

This paper studies the importance of money for inflation in the euro area. An inflation …

Inflation persistence or ‘inertia’ has important consequences for monetary policy. Inflation which does not get … influence on inflation persistence by its credibility and responses in the face of inflationary shocks. In this study, we use a … flexible, time-varying parameter approach to analyze inflation persistence in the United Kingdom and United States during 1880 …

The paper examines a wide variety of models forecasting inflation, consumer survey, professional survey, judgmental … mark a return to inflation below central bank targets, but there is no visibility for timing of this development …

Inflation targeting has become the most popular and widely discussed policy framework in the contemporary monetary … policy practice. The success of inflation targeting has been proved by a number of advanced and emerging countries and hence …. However, a country needs to fulfill several prerequisites to adopt inflation targeting in terms of institutional setup, legal …