This paper investigates monetary policy and basic macroeconomic relationships involving output, inflation rate …, interest rate, and money in Brazil. Based on a vector autoregressive (VAR) estimation, it compares three different periods …: moderately-increasing inflation (1975-1985), high inflation (1985-1994), and low inflation (1994-2000). The main results are the …

Based on market expectations reported by the Central Bank of Brazil for the SELIC interest rate, the IPCA inflation … expectations about the IPCA inflation rate and the SELIC interest rate have a strong negative relationship with central bankers …

Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below … by means of sign restrictions, to inflation and economic activity. Shocks to oil supply do not tell the full story about … contractionary. A country analysis confirms that the negative effects of oil supply and monetary policy shocks on inflation was …

data of six emerging inflation targeting economies (Turkey, Brazil, the Czech Republic, Chile, Poland, and South Africa …Most emerging market central banks have adopted inflation targeting as their monetary policy system. The heart of … inflation targeting system is inflation expectations. The success of a central bank in achieving targets depends on to the …

expectations to provide a comparison of inflation persistence in Brazil with a sample of inflation targeting (IT) countries. This … approach suggests that inflation persistence increased in Brazil through early 2013, in contrast to many of its IT peers …Inflation persistence is sometimes defined as the tendency for price shocks to push the inflation rate away from its …

Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and … soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the …

to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the …

Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below … by means of sign restrictions, to inflation and economic activity. Shocks to oil supply do not tell the full story about … contractionary. A country analysis confirms that the negative effects of oil supply and monetary policy shocks on inflation was …

From 2013 up to the launch of the ECB’s strategy review in January 2020, inflation in the euro area was low and over …-predicted. This low inflation during the years 2013-19 can be attributed to a combination of interconnected factors. Cyclical … developments account for a substantial share of the fall in underlying inflation, mainly in the first part of the low inflation …