output and real-rate gaps can be represented in a parsimonious and practical manner using the theory of anelasticity that …

factors impact the inflation rate. This study delves into the complex relationship between budgetary shocks, economic … uncertainty, and inflation within the context of the Russian economy. The aim of this study is to unravel how budgetary decisions …, made amidst a globally uncertain economic environment, influence inflation dynamics. In other words, the objective of this …

. Key to our estimation strategy is the use of survey - based expectations for inflation and output. We identify … period. Output shocks shift to the low volatility regime around 1985 whereas inflation shocks do so only around 1990 …, suggesting active monetary policy may have played role in anchoring inflation expectations. Shocks and policy regimes jointly …

political business cycles, the inflation-stabilisation dilemma is discussed along with proposed solutions in the form of central … bank independence and conservativeness, incentive contracts, and inflation targets. The final section turns to current …

inflation and the output gap in the central bank's interest rate rule. Specifically, we isolate the influence of forward … some assumptions about forward-looking behavior that are motivated by economic theory, we show that a plausible set of …

. Key to our estimation strategy is the use of survey-based expectations for inflation and output. Output and inflation …

theory. Since the price level should fall in the growing economy, introduction of negative inflation target is suggested … current state of positive inflation target. Possible criticism of this suggestion is anticipated and disproved in this paper …